Mayville Engineering Company (NYSE: MEC) is set to announce its financial results for the third quarter of 2024 on Tuesday 5th November 2024. This highly anticipated announcement is scheduled to take place after market close. Investors will have the opportunity to learn more about the company's performance during the quarter.
Wall Street financial experts are forecasting that the concern will announce an expected $0.21 profit per share for the quarter. Moreover, the firm is anticipated to disclose a total revenue of $157.61 million for this specific period.
In the same three months of the year before, the company made income of $0.21 per share, as shown in their financial report. This number came from the total revenue of $158.22 million that the company earned in that particular quarter.
Wall Street analysts have provided their insights on the company's performance for the year, forecasting a total revenue of $631.41 million. Additionally, they anticipate the earnings per share to reach profit of $0.76 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.26 | +30.0% | 163.64 M | +17.7% |
| Q1 2024 | $0.22 | +83.3% | 161.27 M | +13.1% |
| Q4 2023 | $0.21 | +75.0% | 148.58 M | +15.6% |
| Q3 2023 | $0.21 | -34.4% | 158.22 M | +16.1% |
| Q2 2023 | $0.20 | -31.0% | 138.98 M | +0.5% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 6th November 2024 at 10:00 AM eastern time to discuss Q3 financial results.
Throughout Friday's trading, Mayville Engineering Company (MEC) shares fluctuated between $20.54 and $23.00, with a trading volume of 460.50 thousand shares. The stock ended the regular trading session at $21.49, showing an increase of 4.98 percent.
