Mayville Engineering Company, Inc. (NYSE:MEC) investors will be delighted, with the company turning in some strong numbers with its latest results. Revenues and losses per share were both better than expected, with revenues of US$163m leading estimates by 8.2%. Statutory losses were smaller than the analystsexpected, coming in at US$0.09 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Following the latest results, Mayville Engineering Company's five analysts are now forecasting revenues of US$633.4m in 2026. This would be a solid 8.0% improvement in revenue compared to the last 12 months. Losses are predicted to fall substantially, shrinking 63% to US$0.25. Before this latest report, the consensus had been expecting revenues of US$611.3m and US$0.18 per share in losses. So it's pretty clear the analysts have mixed opinions on Mayville Engineering Company even after this update; although they upped their revenue numbers, it came at the cost of a considerable increase to per-share losses.

There was no major change to the consensus price target of US$36.80, with growing revenues seemingly enough to offset the concern of growing losses. 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$40.00 per share, while the most pessimistic values it at US$34.00. This is a very narrow spread of estimates, implying either that Mayville Engineering Company is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

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. The analysts are definitely expecting Mayville Engineering Company's growth to accelerate, with the forecast 17% annualised growth to the end of 2026 ranking favourably alongside historical growth of 4.6% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.0% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Mayville Engineering Company to grow faster than the wider industry.

The Bottom Line

The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Mayville Engineering Company. Happily, they also upgraded their revenue estimates, and are forecasting them 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Mayville Engineering Company going out to 2028, and you can see them free on our platform here.

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.