Methode Electronics Inc expected to post a loss of 12 cents a share - Earnings Preview

Methode Electronics

03/03/2025 22:02

Methode Electronics Inc MEI.N, MEI is expected to show a rise in quarterly revenue when it reports  results on March 5 for the period ending January 31 2025

The Chicago Illinois-based  company is expected to report a 2.3% increase in revenue to $265.518 million from $259.5 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on December 5 2024, for the period ended January 31, was for revenue of $288.000 million.

​LSEG's mean analyst estimate for Methode Electronics Inc is for a loss of 12 cents per share.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

The mean earnings estimate of analysts was unchanged in the last three months. ​

Wall Street's median 12-month price target for Methode Electronics Inc is $14.00​, above​ its last closing price of $10.01. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Oct. 31 2024
-0.16
-0.16
0.14
Beat
187.5
Jul. 31 2024
-0.30
-0.30
-0.31
Missed
-2.2
Apr. 30 2024
-0.24
-0.20
-0.23
Missed
-14.6​
Jan. 31 2024
0.09
0.09
-0.33
Missed
-466.7
​​Oct. 31 2023
0.12
0.13
0.05
Missed
-60
Jul. 31 2023
0.23
0.23
0.02
Missed
-91.3​
Apr. 30 2023
0.40
0.46
0.22
Missed
-51.6
Jan. 31 2023
0.70
0.70
0.54
Missed
-23.3

This summary was machine generated March 3 at 22:02 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)