Methode Electronics Inc expected to post a loss of 16 cents a share - Earnings Preview

Methode Electronics

03/12/2024 14:32

* Methode Electronics Inc  MEI.N   MEI  is expected to show
a fall
in quarterly revenue when it reports  results on December 5 for
the period ending October 31 2024
    * The Chicago Illinois-based  company is expected to report
a
7.1% decrease in revenue to $267.586 million from $288 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Methode Electronics Inc
is for
a loss of 16 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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 $11.00​, below​ its last closing price
of $11.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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.        0.23        0.23       0.02      Missed  -91.3
 31 2023                                                
 Apr. 30 2023  0.40        0.46       0.22      Missed  -51.6​
 Jan. 31 2023  0.70        0.70       0.54      Missed  -23.3
 Oct. 31 2022  0.63        0.63       0.75      Beat    19.7
 This summary was machine generated December 3 at 14:32 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)