A Preview Of Methode Electronics's Earnings
Portfolio Pulse from Benzinga Insights
Methode Electronics (NYSE:MEI) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts estimating an EPS of $0.09. The company's historical earnings performance shows a pattern of not meeting EPS estimates, leading to negative stock price reactions. Shares are currently trading at $20.51, reflecting a 51.92% decline over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
March 06, 2024 | 6:01 pm
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Methode Electronics is expected to report an EPS of $0.09 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, negatively impacting the stock price. Shares have significantly declined over the past year.
Given Methode Electronics' history of not meeting EPS estimates and the subsequent negative reactions in its stock price, it is likely that any deviation from the expected EPS of $0.09 could lead to further declines in the short term. The significant year-over-year decline in share price also indicates a bearish sentiment among investors, which could be exacerbated by disappointing earnings or guidance.
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IMPORTANCE 90
RELEVANCE 100