Market Overview

A Preview Of Methode Electronics's Earnings

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On Thursday, September 03, Methode Electronics (NYSE: MEI) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Analysts predict Methode Electronics will report earnings of $0.26 per share on revenue of $174.30 million. Methode Electronics reported a profit of $0.75 per share when it published results during the same quarter last year. Sales in that period totaled $270.20 million. The analyst consensus estimate would represent a 65.33% decrease in the company's earnings per share. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q4 2020 Q3 2020 Q2 2019 Q1 2019
EPS Estimate 0.76 0.92 0.84 0.69
EPS Actual 0.79 1.05 0.64 0.75
Revenue Estimate 209.05 M 279.38 M 293.27 M 269.00 M
Revenue Actual 210.60 M 285.90 M 257.20 M 270.20 M

Stock Performance

Over the last 52-week period, shares are down 12.25%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Methode Electronics is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://www.webcaster4.com/Webcast/Page/2152/36525

 

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Posted-In: Earnings