Mayville Engineering Company, Inc. (NYSE:MEC) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, MEC is expected to report 2Q20 loss of $ 0.23 per share from revenue of $ 76.50 million.
For the full year, analysts anticipate top line of $ 376.83 million, while looking forward to loss of $ 0.24 per share bottom line.
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. posted for the first quarter of per share, from the revenue of $ 108.61 million. Street analysts expected Mayville Engineering Company, Inc. to report loss of $ 0.05 per share on revenue of $ 101.52 million for the first quarter. The bottom line results beat street analysts by $ 0.25 or 500.00 percent, at the same time, top line results outshined analysts by $ 7.09 million or 6.98 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MEC was $ 7.52, representing a 93.32 % increase from the 52 week low of $ 3.89 and a 49.26 % decrease over the 52 week high of $ 14.82.
The company has a market capital of $ 149.10 million and is part of the Industrials sector and Metal Fabrication industry.
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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.
