Mayville Engineering Co Inc (MEC, Financial) is set to release its Q3 2024 earnings on Nov 5, 2024. The consensus estimate for Q3 2024 revenue is $157.61 million, and the earnings are expected to come in at $0.20 per share. The full year 2024's revenue is expected to be $631.41 million and the earnings are expected to be $0.69 per share. More detailed estimate data can be found on the Forecast page.
Mayville Engineering Co Inc (MEC, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Mayville Engineering Co Inc (MEC) have seen a decrease, moving from $632.64 million to $631.41 million for the full year 2024, and from $674.80 million to $662.53 million for 2025. Similarly, earnings estimates have also been revised downward from $0.71 per share to $0.69 per share for the full year 2024, and from $1.30 per share to $1.19 per share for 2025.
Mayville Engineering Co Inc (MEC, Financial) Reported History
In the previous quarter of June 30, 2024, Mayville Engineering Co Inc's (MEC) actual revenue was $163.64 million, which beat analysts' revenue expectations of $159.12 million by 2.84%. Mayville Engineering Co Inc's (MEC) actual earnings were $0.18 per share, which beat analysts' earnings expectations of $0.17 per share by 5.88%. After releasing the results, Mayville Engineering Co Inc (MEC) was up by 10.51% in one day.
Mayville Engineering Co Inc (MEC, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 3 analysts, the average target price for Mayville Engineering Co Inc (MEC) is $24.67 with a high estimate of $30 and a low estimate of $17. The average target implies an upside of 14.78% from the current price of $21.49.
Based on GuruFocus estimates, the estimated GF Value for Mayville Engineering Co Inc (MEC, Financial) in one year is $15.03, suggesting a downside of -30.06% from the current price of $21.49.
Based on the consensus recommendation from 4 brokerage firms, Mayville Engineering Co Inc's (MEC, Financial) average brokerage recommendation is currently 1.8, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
