SPY444.48-1.26 -0.28%
DIA347.08-0.36 -0.10%
IXIC15,129.23-52.70 -0.35%

Preview: Methode Electronics's Earnings

MEI is set to give its latest quarterly earnings report on Thursday , 2021-09-02. Here's what investors need to know before the announcement. Analysts estimate that Methode Electronics will likely report an Earnings Per Share (EPS) of $0.74

Benzinga · 09/01/2021 11:11

MEI is set to give its latest quarterly earnings report on Thursday , 2021-09-02. Here's what investors need to know before the announcement.

Analysts estimate that Methode Electronics will likely report an Earnings Per Share (EPS) of $0.74

Methode Electronics bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

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).

Historical Earnings Performance

Last quarter the company beat on EPS by $15.71, which was followed by a 1.18 drop in the share price the next day.

Here's a look at Methode Electronics's past performance and the resulting price change:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.70 0.79 0.80 0.26
EPS Actual 0.81 0.83 1.03 0.41
Revenue Estimate 280.05 M 277.70 M 276.60 M 174.30 M
Revenue Actual 301.00 M 295.30 M 300.80 M 190.90 M

eps graph

Stock Performance

Shares of Methode Electronics were trading at $46.57 as of August 31. Over the last 52-week period, shares are up 57.91%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.