Methode Electronics Inc reports results for the quarter ended April 30 - Earnings Summary

Methode Electronics

09/07/2025 22:01

Methode Electronics Inc MEI.N reported a quarterly adjusted loss of 77 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of -23 cents.  The mean expectation of two analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 3 cents to 4 cents per share.

Revenue fell 7.3% to $257.10 million from a year ago; analysts expected $232.87 million.

Methode Electronics Inc's reported EPS for the quarter was a loss of 80 cents​.

The company reported a quarterly loss of $28.3 million.

Methode Electronics Inc shares had risen by 9.3% this quarter and lost 11.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts was unchanged in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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 average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Methode Electronics Inc is $10.50, about 2% above its last closing price of $10.29

This summary was machine generated from LSEG data July 9 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Apr. 30 2025
0.04
-0.77
Missed
Jan. 31 2025
-0.07
-0.21
Missed
Oct. 31 2024
-0.16
0.14
Beat
Jul. 31 2024
-0.30
-0.31
Missed