Mayville Engineering Company, Inc. (NYSE:MEC) is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.04 per share.
For the full year, analysts predict revenues of $ 352.75 million, while looking forward to loss of $ 0.37 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 425.00 million ~ $ 465.00 million
Click Here For More Historical Outlooks Of Mayville Engineering Company, Inc.
Previous Quarter Performance
Mayville Engineering Company, Inc. reported loss for the second quarter of $ 0.35 per share, from the revenue of $ 62.58 million. The quarterly revenues contracted 56.77 percent compared with the same quarter last year. Street analysts expected Mayville Engineering Company, Inc. to report loss of $ 0.23 per share on revenue of $ 76.50 million for the second quarter. The bottom line results missed street analysts by $ 0.12 or 52.17 percent, at the same time, top line results fell short of analysts by $ 13.92 million or 18.2 percent.
Stock Performance
On Friday, shares of Mayville Engineering Company, Inc. has traded high as $ 9.11 and has cracked $ 8.75 on the downward trend, reaching $ 8.91 with volume of 65.40 thousand shares.
According to the previous trading day, closing price of $ 8.91, representing a 132.13 % increase from the 52 week low of $ 3.89 and a 17.53 % decrease over the 52 week high of $ 10.95.
The company has a market capital of $ 178.73 million and is part of the Industrials sector and Metal Fabrication industry.
Mayville Engineering Company, Inc. operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components.
