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

Methode Electronics

22/06/2023 14:32

* Methode Electronics Inc  MEI.N  reported quarterly
adjusted
earnings of 22 cents​​ per share for the quarter ended in April.
The mean expectation of two analysts for the quarter was
for earnings of 46 cents per share.
    * Revenue rose 4.3% to $301.20 million from a year ago;
analysts
expected $297.45 million. 
    * Methode Electronics Inc's reported EPS for the quarter was
22
cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Methode Electronics Inc shares had fallen by 14.5% this
quarter and lost 15.4% so far this year.
    * The company reported quarterly net income of $8.1 million.
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $50.00 
    * 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 from LSEG Refinitiv data June
22 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2023      0.46           0.22           Missed
 Jan. 31 2023      0.70           0.54           Missed
 Oct. 31 2022      0.63           0.75           Beat
 Jul. 31 2022      0.51           0.66           Beat