Methode Electronics: Q1 Earnings Insights

Methode Electronics (NYSE:MEI) reported its Q1 earnings results on Thursday, September 1, 2022 at 07:00 AM.

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

Methode Electronics beat estimated earnings by 11.54%, reporting an EPS of $0.58 versus an estimate of $0.52.

Revenue was down $5.40 million from the same period last year.

Last quarter the company missed on EPS by $0.13 which was followed by a 2.7% increase in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.56	0.72	0.73	0.74
EPS Actual	0.43	0.79	0.72	0.76
Revenue Estimate	289.48M	281.60M	275.80M	281.51M
Revenue Actual	288.70M	291.60M	295.50M	287.80M

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.