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

Methode Electronics

09/03/2023 15:31

* Methode Electronics Inc  MEI.N  reported quarterly
adjusted
earnings of 54 cents​​ per share for the quarter ended in
January. The mean expectation of four analysts for the quarter
was for earnings of 70 cents per share.
    * Revenue fell 3.9% to $280.10 million from a year ago;
analysts
expected $292.81 million. 
    * Methode Electronics Inc's reported EPS for the quarter was
54
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 risen by 7.3% this
quarter.
    * The company reported quarterly net income of $19.9
million.
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $54.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 9 at 03:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Apr. 30 2022      0.43           0.43           Met