Mayville Engineering Q4 2023 Adj EPS $0.21 Beats $0.13 Estimate, Sales $148.58M Miss $152.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mayville Engineering (NYSE:MEC) reported Q4 2023 adjusted EPS of $0.21, surpassing the $0.13 estimate, but missed sales estimates with $148.58M against the expected $152.31M. This represents a 15.60% increase in sales compared to the same period last year.
March 05, 2024 | 9:43 pm
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Mayville Engineering reported a strong Q4 2023 adjusted EPS of $0.21, beating estimates, but missed on sales with $148.58M versus the expected $152.31M.
While the EPS beat is positive, the sales miss could temper investor enthusiasm. The significant beat on EPS suggests operational efficiency and profitability, which is a strong positive. However, the slight miss on sales indicates potential challenges in revenue growth or market demand. The net impact is likely neutral in the short term as investors weigh the positive earnings against the slight revenue miss.
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RELEVANCE 100