Methode Electronics Inc <MEI.N> expected to post a loss of 12 cents a share - Earnings Preview

• 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). ​

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)