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Mayville Engineering (MEC) Surges 6.0%: Is This an Indication of Further Gains?
MECmec(MEC) ZACKS·2024-09-30 18:56

Group 1: Mayville Engineering (MEC) - Mayville Engineering shares increased by 6% to close at 21.46,supportedbyhighertradingvolumecomparedtonormalsessions[1]Thestockhasgained4.321.46, supported by higher trading volume compared to normal sessions [1] - The stock has gained 4.3% over the past four weeks, driven by positive housing prospects and improvements in office rent in key markets [1] - The consensus EPS estimate for the upcoming quarterly report is 0.19, reflecting a year-over-year decline of 9.5%, with expected revenues of 157.22million,down0.6157.22 million, down 0.6% from the previous year [2] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that the stock's price may not continue to rise without earnings estimate revisions [3] Group 2: Fluor (FLR) - Fluor's consensus EPS estimate for the upcoming report is 0.78, representing a 23.5% decrease from the previous year's report [4] - Fluor also holds a Zacks Rank of 3 (Hold), similar to Mayville Engineering [4]