Methode Electronics Inc expected to post earnings of 72  cents a share - Earnings Preview

Methode Electronics

01/03/2022 17:36

* Methode Electronics Inc  MEI.N   MEI  is expected to show
a fall
in quarterly revenue when it reports  results on March 3. 
    * The Chicago Illinois-based  company is expected to report 
a
4.6% decrease in revenue to $281.602 million from $295.3 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 72 cents per share. For the same quarter last
year, the company reported earnings of 85 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $58​, about 21.3% above​ its last closing
price of $45.64. ​​​
    * 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 2021  0.69        0.69       0.72      Beat    4.3
 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
 ​​Oct.        0.80        0.80       1.03      Beat    28.8
 31 2020                                                
 Jul. 31 2020  0.26        0.26       0.41      Beat    57.7​
 Apr. 30 2020  0.76        0.76       0.79      Beat    3.9
 Jan. 31 2020  0.92        0.92       1.09      Beat    18.9
 This summary was machine generated March 1 at 17:36 GMT.  All
figures in US dollars  unless otherwise stated