Methode Electronics, Inc. (NYSE:MEI) manufacturer of component and subsystem devices, is reporting first quarter earnings results on Thursday 3rd September 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.26 per share from $ 174.30 million in revenue.
For the full year, analysts predict revenues of $ 928.60 million, while looking forward to income of $ 2.33 per share.
Previous Quarter Performance
Methode Electronics, Inc. disclosed income for the fourth quarter of $ 0.79 per share, from the revenue of $ 210.60 million, On adjusted basis, MEI reported income for the quarter of $ 0.67 per share. The quarterly earnings elevated 31.67 percent while revenues contracted 20.83 percent compared with the same quarter last year. Wall street analysts are predicting, MEI to report 4Q20 income of $ 0.76 per share from revenue of $ 209.05 million. The bottom line results missed street analysts by $ 0.09 or 11.84 percent, at the same time, top line results outshined analysts by $ 1.55 million or 0.74 percent.
Stock Performance
Shares of Methode Electronics, Inc. traded up $ 0.74 or 2.54 percent on Wednesday, reaching $ 29.83 with volume of 86.60 thousand shares. The stock opened positive for the day at $ 29.29, after closing the previous day trading at $ 29.09.
According to the previous trading day, closing price of $ 29.09, representing a 33.69 % increase from the 52 week low of $ 21.76 and a 30.24 % decrease over the 52 week high of $ 41.70.
The company has a market capital of $ 1.12 billion and is part of the Technology sector and Electronic Components industry.
Conference Call
Methode Electronics, Inc. will be hosting a conference call at 11:00 AM eastern time on 3rd September 2020, to discuss its 1Q21 financial results with the investment community. The participants may dial, (844) 369-8770 Toll Free, (United States) or (862) 298-0840 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.webcaster4.com/Webcast/Page/2152/36525
Methode Electronics, Inc. designs, manufactures, and markets component and subsystem devices worldwide. It operates through Automotive, Industrial, Interface, and Medical segments.
