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

Methode Electronics

02/09/2021 13:51

* Methode Electronics Inc  MEI.N  reported quarterly adjusted
earnings of 76 cents​​ per share for the quarter ended in July.
The lone analyst forecast for the quarter was for earnings of 74
cents per share.
* Revenue rose 50.8% to $287.80 million from a year ago; 
analysts expected $281.51 million. 
* Methode Electronics Inc's reported EPS for the quarter was 76
cents​.
* The mean earnings estimate of analysts had fallen by
about 4.5% 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 5.6% this
quarter and gained 21.3% so far this year.
* The company reported quarterly net income of $29.1 million.
* Wall Street's median 12-month price target for Methode
Electronics Inc is $52.00 
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
This summary was machine generated September 2 at 12:51 p.m.
 ​All figures in US dollars unless otherwise stated