Methode Electronics Inc expected to post earnings of 53  cents a share - Earnings Preview

Methode Electronics

30/08/2022 13:34

* Methode Electronics Inc  MEI.N   MEI  is expected to show
a fall
in quarterly revenue when it reports  results on September 1. 
    * The Chicago Illinois-based  company is expected to report 
a
0.5% decrease in revenue to $286.351 million from $287.8 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 53 cents per share. For the same quarter last
year, the company reported earnings of 76 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 47.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $49.5​, above​ its last closing price
of $40.62. ​​​

This summary was machine generated August 30 at 12:34 GMT.  All
figures in US dollars  unless otherwise stated