Mayville Engineering Company Inc <MEC.N> expected to post a loss of 13 cents a share - Earnings Preview
Mayville Engineering Company Inc MEC.N, MEC is expected to show a fall in quarterly revenue when it reports results on March 4 for the period ending December 31 2024
The Mayville Wisconsin-based company is expected to report a 16.5% decrease in revenue to $124.134 million from $148.58 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.
LSEG's mean analyst estimate for Mayville Engineering Company Inc is for a loss of 13 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Mayville Engineering Company Inc is $21.00, above its last closing price of $14.97.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.20 | 0.21 | 0.14 | Missed | -32.7 |
Jun. 30 2024 | 0.20 | 0.19 | 0.18 | Missed | -6.4 |
Mar. 31 2024 | 0.19 | 0.18 | 0.16 | Missed | -8.7 |
Dec. 31 2023 | 0.18 | 0.13 | 0.11 | Missed | -17.4 |
Sep. 30 2023 | 0.24 | 0.22 | 0.10 | Missed | -53.7 |
Jun. 30 2023 | 0.16 | 0.16 | 0.08 | Missed | -49.1 |
Mar. 31 2023 | 0.19 | 0.19 | 0.12 | Missed | -38.1 |
Dec. 31 2022 | 0.14 | 0.13 | 0.12 | Missed | -10.4 |
This summary was machine generated February 28 at 21:40 GMT. 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)
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