Mayville Engineering: Q1 Earnings Insights

Mayville Engineering MEC reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Mayville Engineering beat estimated earnings by 15.38%, reporting an EPS of $0.15 versus an estimate of $0.13.

Revenue was up $23.63 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.15 which was followed by a 1.32% drop in the share price the next day.

Here's a look at Mayville Engineering's past performance:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.01 0.13 0.19 0.10
EPS Actual 0.14 0.01 0.16 0.12
Revenue Estimate 110.18M 119.54M 122.10M 107.21M
Revenue Actual 112.97M 109.02M 120.21M 112.62M

To track all earnings releases for Mayville Engineering visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!