Methode Electronics Inc expected to post earnings of 23  cents a share - Earnings Preview

Methode Electronics

05/09/2023 13:57

* Methode Electronics Inc  MEI.N   MEI  is expected to show
a rise
in quarterly revenue when it reports  results on September 7. 
    * The Chicago Illinois-based  company is expected to report 
a
1.9% increase in revenue to $287.746 million from $282.4 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Methode Electronics
Inc
is for earnings of 23 cents per share. 
    * 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 had fallen by
about 29.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $50​, above​ its last closing price
of $31.11. ​​​

This summary was machine generated September 5 at 12:57 GMT. 
All figures in US dollars  unless otherwise stated