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

Methode Electronics

23/06/2022 14:31

* Methode Electronics Inc  MEI.N  reported quarterly
adjusted
earnings of 43 cents​​ per share for the quarter ended in April.
The mean expectation of three analysts for the quarter was
for earnings of 43 cents per share.
    * Revenue fell 4.1% to $288.70 million from a year ago; 
analysts
expected $289.18 million. 
    * Methode Electronics Inc's reported EPS for the quarter was
43
cents​.
    * The mean earnings estimate of analysts had fallen by
about 48.6%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Methode Electronics Inc shares had fallen by 12.0% this
quarter and lost 22.6% so far this year.
    * The company reported quarterly net income of $16.2
million.
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $50.50 
    * 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." 

This summary was machine generated June 23 at 01:31 p.m.  ​All
figures in US dollars unless otherwise stated