Mayville Engineering Company Inc reports results for the quarter ended in September 30 - Earnings Summary

• Mayville Engineering Company Inc MEC.N reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of four analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 15 cents to 25 cents per share.

• Revenue fell 14.4% to $135.39 million from a year ago; analysts expected $157.61 million.

• Mayville Engineering Company Inc's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of $2.97 million.

• Mayville Engineering Company Inc shares had fallen by 0.6% this quarter and gained 45.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.4% 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 3 "strong buy" or "buy," 1 "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 $27.00

This summary was machine generated from LSEG data November 6 at 04:40 a.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)