Mayville EngineeringNYSE: MEC

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.

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.

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.

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.

At Zacks, we prioritize the Zacks Rank system that highlights earnings estimates and revisions to identify top stocks. However, we also stay updated on current value, growth, and momentum trends to highlight strong investment choices.

While most investors should concentrate the bulk of their funds toward large-capitalization, high-probability enterprises, there's some room for micro-cap stocks. These securities undergird public companies that feature a market value of less than $300 million.

Mayville Engineering (MEC) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.22 per share a year ago.

Mayville's (MEC) fourth-quarter 2023 results are likely to benefit from improved volume growth across most of its end markets. Yet, high costs and expenses are likely to impact the bottom line.

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.