Mayville Engineering Company Still Makes For A Great Prospect In Spite Of Recent Weakness
Despite recent setbacks, Mayville Engineering Company stock remains a 'strong buy' due to its attractive valuation and growth potential in key markets. The company's Q4 2024 results showed a revenue drop and mixed profitability, but shares are still priced attractively compared to peers. Management's MBX Framework aims to enhance margins and drive growth through strategic acquisitions in high-potential sectors like electrification and aerospace.
Mayville Engineering Company, Inc. (MEC) Q4 2024 Earnings Call Transcript
Mayville Engineering Company, Inc. (NYSE:MEC ) Q4 2024 Earnings Call March 5, 2025 10:00 AM ET Company Participants Stefan Neely - Investor Relations Jag Reddy - President and Chief Executive Officer Todd Butz - Chief Financial Officer Rachele Lehr - Chief Human Resources Officer Conference Call Participants Sam Karlov - William Blair Ted Jackson - Northland Capital Markets Operator Hello, and welcome, everyone, to the Mayville Engineering Company Fourth Quarter 2024 Earnings Conference Call. My name is Becky, and I'll be your operator today.
Mayville Engineering Company, Inc. (MEC) Q3 2024 Earnings Call Transcript
Mayville Engineering Company, Inc. (NYSE:MEC ) Q3 2024 Results Conference Call November 6, 2024 10:00 AM ET Company Participants Stefan Neely - Vallum Advisors, IR Jag Reddy - President and CEO Todd Butz - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Ted Jackson - Northland Securities Natalia Bak - Citi Operator Good morning. Thank you for attending the Mayville Engineering Company Third Quarter 2024 Earnings Conference Call.
Mayville Engineering (MEC) Q3 Earnings and Revenues Lag Estimates
Mayville Engineering (MEC) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.21 per share a year ago.
Mayville Engineering (MEC) Surges 6.0%: Is This an Indication of Further Gains?
Mayville Engineering (MEC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
After Surging, Mayville Engineering Company Deserves More Upside
Mayville Engineering Company has done incredibly well over the past few months, significantly outperforming the S&P 500. Revenue and profitability metrics have significantly improved, with net income nearly doubling and operating cash flow turning positive. Management forecasts strong growth, with revenue expected to reach $750-850 million by 2026, justifying a 'strong buy' rating.
Mayville Engineering (MEC) Soars 5.3%: Is Further Upside Left in the Stock?
Mayville Engineering (MEC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Should Value Investors Buy Mayville Engineering (MEC) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Are Investors Undervaluing Mayville Engineering (MEC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
