Methode Electronics Inc expected to post earnings of 4 cents a share - Earnings Preview
Methode Electronics Inc
MEI, MEI is expected to show a fall in quarterly revenue when it reports results on July 9 for the period ending April 30 2025The Chicago Illinois-based company is expected to report a 16.0% decrease in revenue to $232.868 million from $277.3 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on March 5 2025, for the period ended April 30, was for revenue between $240.00 million and $255.00 million.
LSEG's mean analyst estimate for Methode Electronics Inc is for earnings of 4 cents per share.
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."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Methode Electronics Inc is $10.50, about 4.4% above its last closing price of $10.04
The company's guidance on March 6 2025 for the period ended April 30 was for Capital Expenditures between USD8 million and USD10 million.
This summary was machine generated July 7 at 20:02 GMT. 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)
