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

Methode Electronics

02/12/2021 13:11

* Methode Electronics Inc  MEI.N  reported quarterly adjusted
earnings of 72 cents​​ per share for the quarter ended in
October. The lone analyst forecast for the quarter was
for earnings of 69 cents per share.
* Revenue fell 1.8% to $295.50 million from a year ago; 
analysts expected $268.24 million. 
* Methode Electronics Inc's reported EPS for the quarter was 72
cents​.
* The mean earnings estimate of analysts had fallen by
about 5.5% in the last three months.​ 
* In the last 30 days one analyst negatively revised an earnings
estimate 
* Methode Electronics Inc shares had risen by 6.6% this
quarter and gained 17.1% so far this year.
* The company reported quarterly net income of $27.5 million.
* Wall Street's median 12-month price target for Methode
Electronics Inc is $49.00 
* 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 December 2 at 01:11 p.m.
 ​All figures in US dollars unless otherwise stated