Methode Electronics Inc MEI.N, MEI is expected to show a rise in quarterly revenue when it reports results on March 5 for the period ending January 31 2025
The Chicago Illinois-based company is expected to report a 2.3% increase in revenue to $265.518 million from $259.5 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on December 5 2024, for the period ended January 31, was for revenue of $288.000 million.
LSEG's mean analyst estimate for Methode Electronics Inc is for a loss of 12 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "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 $14.00, above its last closing price of $10.01.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Oct. 31 2024 | -0.16 | -0.16 | 0.14 | Beat | 187.5 |
Jul. 31 2024 | -0.30 | -0.30 | -0.31 | Missed | -2.2 |
Apr. 30 2024 | -0.24 | -0.20 | -0.23 | Missed | -14.6 |
Jan. 31 2024 | 0.09 | 0.09 | -0.33 | Missed | -466.7 |
Oct. 31 2023 | 0.12 | 0.13 | 0.05 | Missed | -60 |
Jul. 31 2023 | 0.23 | 0.23 | 0.02 | Missed | -91.3 |
Apr. 30 2023 | 0.40 | 0.46 | 0.22 | Missed | -51.6 |
Jan. 31 2023 | 0.70 | 0.70 | 0.54 | Missed | -23.3 |
This summary was machine generated March 3 at 22:02 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)
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