NYSE:MEC - New York Stock Exchange, Inc. - US5786051079 - Common Stock - Currency: USD
Mayville Engineering (MEC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Mayville Engineering (MEC) delivered earnings and revenue surprises of 300% and 2.38%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
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Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSE:MEC) beat Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 15.9% year on year to $135.6 million. The company’s full-year revenue guidance of $575 million at the midpoint came in 0.7% above analysts’ estimates. Its non-GAAP profit of $0.04 per share was $0.02 above analysts’ consensus estimates.
Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSE:MEC) will be announcing earnings results tomorrow after the bell. Here’s what to look for.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSE:MEC) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 18.4% year on year to $121.3 million. The company’s full-year revenue guidance of $575 million at the midpoint came in 4.8% below analysts’ estimates. Its non-GAAP loss of $0.07 per share was 13.2% above analysts’ consensus estimates.
Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSE:MEC) will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Since July 2024, Mayville Engineering has been in a holding pattern, posting a small loss of 2.7% while floating around $15.72. The stock also fell short of the S&P 500’s 7.3% gain during that period.