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

Methode Electronics

07/09/2023 14:32

* Methode Electronics Inc  MEI.N  reported quarterly
adjusted
earnings of 2 cents​​ per share for the quarter ended in July.
The mean expectation of two analysts for the quarter was
for earnings of 23 cents per share.
    * Revenue rose 2.6% to $289.70 million from a year ago;
analysts
expected $287.75 million. 
    * Methode Electronics Inc's reported EPS for the quarter was
2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 61.7%
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 10.5% this
quarter and lost 32.4% so far this year.
    * The company reported quarterly net income of $900
thousand.
    * 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
September 7 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      0.23           0.02           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