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

Methode Electronics

01/09/2022 14:31

* Methode Electronics Inc  MEI.N  reported quarterly
adjusted
earnings of 66 cents​​ per share for the quarter ended in July.
The mean expectation of three analysts for the quarter was
for earnings of 51 cents per share.
    * Revenue fell 1.9% to $282.40 million from a year ago;
analysts
expected $282.57 million. 
    * Methode Electronics Inc's reported EPS for the quarter was
58
cents​.
    * The mean earnings estimate of analysts had fallen by
about 40%
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 9.2% this
quarter and lost 17.7% so far this year.
    * The company reported quarterly net income of $21.5
million.
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $49.50 
    * 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 from Refinitiv data September
1 at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2022      0.51           0.66           Beat
 Apr. 30 2022      0.43           0.43           Met
 Jan. 31 2022      0.72           0.78           Beat
 Oct. 31 2021      0.69           0.72           Beat