Earnings Outlook For Methode Electronics
Portfolio Pulse from Benzinga Insights
Methode Electronics (NYSE:MEI) is expected to release its quarterly earnings report on Thursday, 2023-12-07, with analysts estimating an EPS of $0.12. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Methode's stock price has shown varied reactions to past earnings performances, with minor changes regardless of beats or misses. The stock is currently trading at $24.37, down 46.59% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders ahead of the earnings release.
December 06, 2023 | 3:01 pm
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Methode Electronics is anticipated to report quarterly earnings with an EPS estimate of $0.12. The company's past earnings performance shows mixed stock price reactions, and current long-term shareholder sentiment appears bearish.
The expected EPS of $0.12 sets a benchmark for Methode Electronics' performance. Given the historical minor stock price fluctuations post-earnings, the short-term impact is likely to be neutral unless the actual EPS or guidance significantly deviates from expectations. The bearish long-term sentiment may temper any positive short-term reactions.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100