Mayville Engineering's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Mayville Engineering (NYSE:MEC) is scheduled to release its quarterly earnings report on March 5, 2024, with analysts estimating an EPS of $0.13. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to negative stock price reactions. Shares are currently trading at $12.47, down 16.42% over the last year. Investors are looking for positive guidance for the next quarter.
March 04, 2024 | 5:02 pm
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NEGATIVE IMPACT
Mayville Engineering is expected to report an EPS of $0.13 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, negatively impacting the stock price.
Given Mayville Engineering's history of not meeting EPS estimates and the subsequent negative reactions in its stock price, it is likely that if the company fails to meet or exceed the expected EPS of $0.13, the stock price could experience a short-term decline. Additionally, the current downward trend in the stock price over the last year may contribute to investor skepticism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100