Methode Electronics (MEI - Free Report) is set to report third-quarter fiscal 2020 results on Mar 5.
For the quarter, the Zacks Consensus Estimate for earnings has remained steady at 92 cents over the past 30 days, indicating growth of 12.2% from the year-ago quarter reported figure.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $280.6 million, indicating growth of 13.6% from the figure reported in the year-ago quarter.
Management expects weaker third-quarter fiscal 2020 performance as historical trends suggest sequential decline due to the holiday season.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 14.2%.
Let’s see how things have shaped up for this announcement.
Methode Electronics, Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Methode Electronics (MEI - Free Report) is set to report third-quarter fiscal 2020 results on Mar 5.
For the quarter, the Zacks Consensus Estimate for earnings has remained steady at 92 cents over the past 30 days, indicating growth of 12.2% from the year-ago quarter reported figure.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $280.6 million, indicating growth of 13.6% from the figure reported in the year-ago quarter.
Management expects weaker third-quarter fiscal 2020 performance as historical trends suggest sequential decline due to the holiday season.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 14.2%.
Let’s see how things have shaped up for this announcement.
Methode Electronics, Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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