Methode Electronics Inc expected to post earnings of 73 cents a share - Earnings Preview

Methode Electronics

30/11/2021 13:51

* Methode Electronics Inc  MEI.N   MEI  is expected to show a
fall in quarterly revenue when it reports  results on December
2. 
* The Chicago Illinois-based  company is expected to report  a
8.3% decrease in revenue to $275.8 million from $300.8 million a
year ago, according to the estimate from one analyst, based on
Refinitiv data. 
​* Refinitiv's mean analyst estimate for Methode Electronics Inc
is for earnings of 73 cents per share. For the same quarter last
year, the company reported earnings of $1.03 per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 1
"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 $49​, about 7.1% above​ its last closing
price of $45.51. ​​​
This summary was machine generated November 30 at 13:51 GMT. 
All figures in US dollars  unless otherwise stated