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Mayville Engineering Company, Inc. Just Beat EPS By 10%: Here's What Analysts Think Will Happen Next

Mayville Engineering Company, Inc. Just Beat EPS By 10%: Here's What Analysts Think Will Happen Next

梅維爾工程公司剛剛超過每股收益10%:分析師認爲接下來會發生什麼
Simply Wall St ·  05/11 20:07

Shareholders of Mayville Engineering Company, Inc. (NYSE:MEC) will be pleased this week, given that the stock price is up 17% to US$16.24 following its latest first-quarter results. It looks like a credible result overall - although revenues of US$161m were in line with what the analysts predicted, Mayville Engineering Company surprised by delivering a statutory profit of US$0.16 per share, a notable 10% above expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Mayville Engineering Company after the latest results.

梅維爾工程公司(紐約證券交易所代碼:MEC)的股東本週將感到高興,因爲在公佈最新的第一季度業績後,股價上漲了17%,至16.24美元。總體而言,這似乎是一個可信的業績——儘管1.61億美元的收入與分析師的預測一致,但梅維爾工程公司驚訝地實現了每股0.16美元的法定利潤,比預期高出10%。根據結果,分析師更新了他們的盈利模式,很高興知道他們是否認爲公司的前景發生了巨大變化,或者業務是否照舊。讀者會很高興得知我們已經彙總了最新的法定預測,以了解分析師在最新業績公佈後是否改變了對梅維爾工程公司的看法。

earnings-and-revenue-growth
NYSE:MEC Earnings and Revenue Growth May 11th 2024
紐約證券交易所:MEC收益和收入增長 2024年5月11日

After the latest results, the five analysts covering Mayville Engineering Company are now predicting revenues of US$632.1m in 2024. If met, this would reflect a satisfactory 4.1% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to jump 68% to US$0.70. In the lead-up to this report, the analysts had been modelling revenues of US$631.1m and earnings per share (EPS) of US$0.69 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

根據最新業績,報道梅維爾工程公司的五位分析師現在預測2024年的收入爲6.321億美元。如果得到滿足,這將反映出與過去12個月相比,收入增長了令人滿意的4.1%。預計每股法定收益將增長68%,至0.70美元。在本報告發布之前,分析師一直在模擬2024年的收入爲6.311億美元,每股收益(EPS)爲0.69美元。因此,很明顯,儘管分析師已經更新了估計,但在最新業績公佈後,對該業務的預期沒有重大變化。

There were no changes to revenue or earnings estimates or the price target of US$19.50, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Mayville Engineering Company analyst has a price target of US$24.00 per share, while the most pessimistic values it at US$15.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

收入或收益預期或19.50美元的目標股價沒有變化,這表明該公司在最近的業績中達到了預期。但是,這並不是我們可以從這些數據中得出的唯一結論,因爲一些投資者在評估分析師目標股價時也喜歡考慮估計值的差異。最樂觀的梅維爾工程公司分析師將目標股價定爲每股24.00美元,而最悲觀的分析師則將其估值爲15.00美元。這些目標股價表明,分析師對該業務的看法確實有所不同,但這些估計的差異不足以向我們表明,有些人押注取得巨大成功或徹底失敗。

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Mayville Engineering Company's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Mayville Engineering Company'shistorical trends, as the 5.5% annualised revenue growth to the end of 2024 is roughly in line with the 6.6% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 3.6% annually. So it's pretty clear that Mayville Engineering Company is forecast to grow substantially faster than its industry.

這些估計很有趣,但是在查看預測與梅維爾工程公司過去的表現以及與同一行業的同行進行比較時,可以更粗略地描述一些細節。我們可以從最新估計中推斷,預測預計梅維爾工程公司的歷史趨勢將延續,因爲到2024年底的5.5%的年化收入增長與過去五年6.6%的年增長率大致一致。相比之下,分析師估計(總計),整個行業的收入將每年增長3.6%。因此,很明顯,預計梅維爾工程公司的增長速度將大大快於其行業。

The Bottom Line

底線

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

最明顯的結論是,該業務的前景最近沒有重大變化,分析師的收益預測保持穩定,與先前的估計一致。幸運的是,他們還再次確認了收入數字,表明收入符合預期。此外,我們的數據表明,收入的增長速度預計將快於整個行業。共識目標股價沒有實際變化,這表明該業務的內在價值與最新估計相比沒有發生任何重大變化。

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Mayville Engineering Company going out to 2026, and you can see them free on our platform here.

根據這種思路,我們認爲該業務的長期前景比明年的收益重要得多。我們對梅維爾工程公司到2026年的發展做出了預測,你可以在我們的平台上免費查看。

However, before you get too enthused, we've discovered 2 warning signs for Mayville Engineering Company (1 makes us a bit uncomfortable!) that you should be aware of.

但是,在你變得太熱情之前,我們已經發現了梅維爾工程公司的兩個警告標誌(其中一個讓我們有點不舒服!)你應該注意的。

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


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