Methode Electronics Inc expected to post earnings of 13 cents a share - Earnings Preview

Methode Electronics

05/12/2023 13:36

* Methode Electronics Inc  MEI.N   MEI  is expected to show
a fall
in quarterly revenue when it reports  results on December 7 for
the period ending July 31 2023
    * The Chicago Illinois-based  company is expected to report
a
7.3% decrease in revenue to $292.817 million from $315.9 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on September 7 2023,
for the period ended October 31, was for revenue between $285.00
million and $295.00 million.
    * ​LSEG's mean analyst estimate for Methode Electronics Inc
is for
earnings of 13 cents per share. The company's EPS guidance on
September 7 2023, for the period ended October 31, was between
$0.12 and $0.17 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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 $39.00​, above​ its last closing price
of $25.25. ​​​

This summary was machine generated December 5 at 13:36 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)