Recap: Methode Electronics Q4 Earnings

Methode Electronics MEI reported its Q4 earnings results on Thursday, June 22, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Methode Electronics missed estimated earnings by 53.33%, reporting an EPS of $0.21 versus an estimate of $0.45.

Revenue was up $12.50 million from the same period last year.

Last quarter the company missed on EPS by $0.16 which was followed by a 1.74% drop in the share price the next day.

Here's a look at Methode Electronics's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.70	0.63	0.52	0.56
EPS Actual	0.54	0.75	0.58	0.43
Revenue Estimate	292.81M	293.89M	286.35M	289.48M
Revenue Actual	280.10M	315.90M	282.40M	288.70M

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.

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