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

Methode Electronics

03/03/2022 12:37

* Methode Electronics Inc  MEI.N  reported quarterly
adjusted
earnings of 78 cents​​ per share for the quarter ended in
January. The mean expectation of three analysts for the quarter
was for earnings of 72 cents per share.
    * Revenue fell 1.3% to $291.60 million from a year ago; 
analysts
expected $281.60 million. 
    * Methode Electronics Inc's reported EPS for the quarter was
78
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Methode Electronics Inc shares had fallen by 8.0% this
quarter.
    * The company reported quarterly net income of $29.4
million.
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $58.00 
    * 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 March 3 at 12:37 p.m.  ​All
figures in US dollars unless otherwise stated