Methode Electronics Inc expected to post earnings of 74 cents a share - Earnings Preview

Methode Electronics

31/08/2021 13:51

* Methode Electronics Inc  MEI.N   MEI  is expected to show a
rise in quarterly revenue when it reports results on September
2. 
* The Chicago, Illinois-based company is expected to report   a
47.5% increase in revenue to $281.512 million from $190.9
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 74 cents per share. For the same quarter last
year, the company reported earnings of 41 cents 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 $52​, about 9.6% above​ its last closing
price of $47.02. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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. 31 2020  0.80        0.80       1.03      Beat    28.8​
 Jul. 31 2020  0.26        0.26       0.41      Beat    57.7
 Apr.          0.76​       0.76       0.79      Beat    3.9​
 30​ 2020​                                              
 Jan. 31 2020  0.92        0.92       1.09      Beat    18.9​
 Oct. 31 2019  0.63        0.63       0.63      Met     -0.5
 Jul. 31 2019  0.69        0.69       0.75      Beat    8.2
 This summary was machine generated August 31 at 12:51 GMT.  All
figures in US dollars unless otherwise stated