Methode Electronics Earnings: Everything You Must Know Now

Methode Electronics Inc. (NYSE:MEI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Methode Electronics Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 60% to $0.24 in the quarter versus EPS of $0.15 in the year-earlier quarter.

Revenue: Rose 17.33% to $148.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Methode Electronics Inc. reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $128.9 million.

Quoting Management: President and Chief Executive Officer Donald W. Duda said, “We ended Fiscal 2013 on a strong note, with fourth-quarter sales improving over 17 percent and improved gross margins in our Automotive and Power Products segments. Additionally, we are proud of our achievements in Fiscal 2013, including sales improvement of nearly 12 percent, the successful launch of the first high volume laundry platform utilizing touch technology, a significant number of automotive launches in Europe, as well as the launch of the GM center console program.”

Key Stats (on next page)…

Revenue increased 20.59% from $122.98 million in the previous quarter. EPS increased 166.67% from $0.09 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.19 and has not changed. For the current year, the average estimate is a profit of $0.47, which is the same with that ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]