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Stock impact report

Methode Electronics Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]

Methode Electronics, Inc. (MEI) 
Last methode electronics, inc. earnings: 3/5 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Net loss: US$11.6m (down by 158% from US$19.9m profit in 3Q 2023). US$0.33 loss per share (down from US$0.56 profit in 3Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Methode Electronics Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) was also behind analyst expectations. Looking ahead, revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Electronic industry in the US are expected to grow by 5.3%. Performance of the American Electronic industry. The company's shares are down 35% from a week ago. Risk Analysis You should always think about risks. Case in point, we've spotted 1 warning sign for Methode Electronics you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St i Show less Read more
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