Methode Electronics Inc reports results for the quarter ended January 31 - Earnings Summary

• Methode Electronics Inc MEI.N reported a quarterly adjusted loss of 21 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of -33 cents. The mean expectation of two analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -15 cents tozero cents per share.

• Revenue fell 7.6% to $239.90 million from a year ago; analysts expected $265.28 million.

• Methode Electronics Inc's reported EPS for the quarter was a loss of 41 cents​.

• The company reported a quarterly loss of $14.4 million.

• Methode Electronics Inc shares had fallen by 18.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 104.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is "hold."

Wall Street's median 12-month price target for Methode Electronics Inc is $14.00

This summary was machine generated from LSEG data March 5 at 11:38 p.m. UTC. ​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)