Methode Electronics (MEI) Misses Q1 EPS by 17c ; Offers Guidance

Methode Electronics (NYSE: MEI) reported Q1 EPS of $0.06, $0.17 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $289.7 million versus the consensus estimate of $281.27 million.

GUIDANCE:

Methode Electronics sees Q2 2024 EPS of $0.12-$0.17, versus the consensus of $0.49. Methode Electronics sees Q2 2024 revenue of $285-295 million, versus the consensus of $307.1 million.

Methode Electronics sees FY2024 EPS of $1.55-$1.75, versus the consensus of $1.61. Methode Electronics sees FY2024 revenue of $1.14-1.18 billion, versus the consensus of $1.16 billion.

For earnings history and earnings-related data on Methode Electronics (MEI) click here.

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