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

Methode Electronics

01/12/2022 14:31

* Methode Electronics Inc  MEI.N  reported quarterly
adjusted
earnings of 75 cents​​ per share for the quarter ended in
October. The mean expectation of four analysts for the quarter
was for earnings of 63 cents per share.
    * Revenue rose 6.9% to $315.90 million from a year ago;
analysts
expected $293.89 million. 
    * Methode Electronics Inc's reported EPS for the quarter was
75
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Methode Electronics Inc shares had risen by 23.0% this
quarter and lost 7.1% so far this year.
    * The company reported quarterly net income of $27.6
million.
    * Wall Street's median 12-month price target for Methode
Electronics Inc is $51.00 
    * 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 Refinitiv data December
1 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jan. 31 2022      0.72           0.78           Beat