Recap: Methode Electronics Q4 Earnings - Methode Electronics (NYSE:MEI)

Methode Electronics MEI reported its Q4 earnings results on Thursday, June 23, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Methode Electronics missed estimated earnings by 23.21%, reporting an EPS of $0.43 versus an estimate of $0.56.

Revenue was down $12.30 million from the same period last year.

Last quarter the company beat on EPS by $0.07 which was followed by a 1.97% drop in the share price the next day.

Here's a look at Methode Electronics's past performance:

Quarter	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	0.72	0.73	0.74	0.70
EPS Actual	0.79	0.72	0.76	0.81
Revenue Estimate	281.60M	275.80M	281.51M	280.05M
Revenue Actual	291.60M	295.50M	287.80M	301.00M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Methode Electronics management provided guidance for FY 2023, expecting earnings between $2.7 and $3.1 per share.

To track all earnings releases for Methode Electronics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.