Mayville Engineering Q3 Adj EPS $0.21 Misses $0.22 Estimate, Sales $158.22M Miss $159.92M Estimate
Portfolio Pulse from bharat@benzinga.com
Mayville Engineering (NYSE:MEC) reported Q3 earnings of $0.21 per share, missing the analyst consensus estimate of $0.22 by 4.55%. This is a 34.38% decrease from the same period last year. The company also reported quarterly sales of $158.22 million, missing the analyst consensus estimate of $159.92 million by 1.06%. However, this is a 16.10% increase from the same period last year.
October 31, 2023 | 8:19 pm
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Mayville Engineering's Q3 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Mayville Engineering's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100