Methode Electronics (NYSE:MEI) reported its Q4 earnings results on Thursday, June 23, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Methode Electronics missed estimated earnings by 23.21%, reporting an EPS of $0.43 versus an estimate of $0.56.
Revenue was down $12.30 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 1.97% drop in the share price the next day.
Here's a look at Methode Electronics's past performance:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.72 | 0.73 | 0.74 | 0.70 |
| EPS Actual | 0.79 | 0.72 | 0.76 | 0.81 |
| Revenue Estimate | 281.60M | 275.80M | 281.51M | 280.05M |
| Revenue Actual | 291.60M | 295.50M | 287.80M | 301.00M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Methode Electronics management provided guidance for FY 2023, expecting earnings between $2.7 and $3.1 per share.
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.
