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Stock impact report

A Look Back at Engineered Components and Systems Stocks' Q2 Earnings: NN (NASDAQ:NNBR) Vs The Rest Of The Pack [Yahoo! Finance]

Mayville Engineering Company, Inc. (MEC) 
Last mayville engineering company, inc. earnings: 2/26 05:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Engineered components and systems companies possess technical know-how in sometimes narrow areas such as metal forming or intelligent robotics. Lately, automation and connected equipment collecting analyzable data have been trending, creating new demand. On the other hand, like the broader industrials sector, engineered components and systems companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 13 engineered components and systems stocks we track reported a satisfactory Q2. As a group, revenues missed analysts' consensus estimates by 1.2% while next quarter's revenue guidance was 0.9% below. Inflation progressed towards the Fed's 2% goal recently, leading the Fed to reduce its policy rate by 50bps (half a percent or 0.5%) in September 2024. This is the first cut in four years. While CPI (inflation) readings have been supportive lately, em Show less Read more
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