Methode Electronics Inc reports results for the quarter ended October 31 - Earnings Summary

Methode Electronics

05/12/2024 15:31

* Methode Electronics Inc  MEI.N  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended October
31, higher than the same quarter last year, when the company
reported EPS of 5 cents.  The mean expectation of three analysts
for the quarter was for a loss of 16 cents per share. Wall
Street expected results to range from -17 cents to -15 cents per
share.
    * Revenue rose 1.6% to $292.60 million from a year ago;
analysts
expected $267.59 million. 
    * Methode Electronics Inc's reported EPS for the quarter was
a
loss of 5 cents​.
    * The company reported a quarterly loss of $1.6 million.
    * Methode Electronics Inc shares had fallen by 2.9% this
quarter and lost 48.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for Methode
Electronics Inc is $11.00 
This summary was machine generated from LSEG data December 5 at
03:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      -0.16          0.14           Beat
 Jul. 31 2024      -0.30          -0.31          Missed
 Apr. 30 2024      -0.20          -0.23          Missed
 Jan. 31 2024      0.09           -0.33          Missed