Methode Electronics (NYSE:MEI) reported its Q4 earnings results on Thursday, June 22, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Methode Electronics missed estimated earnings by 53.33%, reporting an EPS of $0.21 versus an estimate of $0.45.
Revenue was up $12.50 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.16 which was followed by a 1.74% drop in the share price the next day.
Here’s a look at Methode Electronics’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.70 | 0.63 | 0.52 | 0.56 |
| EPS Actual | 0.54 | 0.75 | 0.58 | 0.43 |
| Revenue Estimate | 292.81M | 293.89M | 286.35M | 289.48M |
| Revenue Actual | 280.10M | 315.90M | 282.40M | 288.70M |
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.
