Mayville Engineering Company Inc reports results for the quarter ended June 30 - Earnings Summary
Mayville Engineering Company Inc reports results for the quarter ended June 30 - Earnings Summary
Mayville Engineering Company Inc MEC.N reported a quarterly adjusted loss of 9 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of five analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -17 cents to 1 cents per share.
Revenue rose 23.2% to $162.98 million from a year ago; analysts expected $150.60 million.
Mayville Engineering Company Inc's reported EPS for the quarter was a loss of 9 cents.
The company reported a quarterly loss of $2.1 million.
Mayville Engineering Company Inc shares had fallen by 29.1% this quarter and gained 41.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 51.5% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"
Wall Street's median 12-month price target for Mayville Engineering Company Inc is $35.00, about 20.8% above its last closing price of $27.73
This summary was machine generated from LSEG data August 4 at 10:39 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | -0.08 | -0.09 | Missed |
Mar. 31 2026 | -0.33 | -0.32 | Beat |
Dec. 31 2025 | -0.17 | -0.22 | Missed |
Sep. 30 2025 | -0.01 | -0.07 | Missed |
Recent news on Mayville Engineering
See all newsBrief: Mayville Engineering Company Announces Strategic Footprint Expansion In The Southeastern U.S.
Mayville Engineering Company Inc reports results for the quarter ended June 30 - Earnings Summary
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