Methode Electronics Inc expected to post earnings of 70  cents a share - Earnings Preview

Methode Electronics

27/02/2023 15:13

* Methode Electronics Inc  MEI.N   MEI  is expected to show
a rise
in quarterly revenue when it reports  results on March 9. 
    * The Chicago Illinois-based  company is expected to report 
a
0.4% increase in revenue to $292.808 million from $291.6 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Methode Electronics
Inc
is for earnings of 70 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $54.5​, above​ its last closing price
of $48.60. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Oct. 31 2022  0.63        0.63       0.75      Beat    19.7
 Jul. 31 2022  0.50        0.51       0.66      Beat    29.4
 Apr. 30 2022  0.43        0.43       0.43      Met     0.8​
 Jan. 31 2022  0.70        0.72       0.78      Beat    8.3
 ​​Oct.        0.69        0.69       0.72      Beat    4.3
 31 2021                                                
 Jul. 31 2021  0.74        0.74       0.76      Beat    2.7​
 Apr. 30 2021  0.70        0.71       0.81      Beat    14.9
 Jan. 31 2021  0.79        0.79       0.85      Beat    7.6
 This summary was machine generated February 27 at 15:13 GMT. 
All figures in US dollars  unless otherwise stated