Core Viewpoint - Methode (MEI) is anticipated to report a year-over-year decline in earnings due to lower revenues, with a consensus outlook indicating a quarterly loss of $0.17 per share, reflecting a significant decrease of 383.3% compared to the previous year [1][3]. Revenue Expectations - Revenues for the upcoming quarter are projected to be $264.86 million, which represents an 8% decline from the same quarter last year [4]. Estimate Revisions - The consensus EPS estimate has been revised downwards by 11.77% over the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [5]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +5.88% for Methode, suggesting that analysts have recently become more optimistic about the company's earnings [11][12]. Historical Performance - Methode has not been able to meet consensus EPS estimates in any of the last four quarters, with the most recent quarter showing a surprise miss of -10.71% [13][14]. Stock Movement Potential - The stock may experience upward movement if the actual earnings exceed expectations in the upcoming report, scheduled for December 5, while a miss could lead to a decline [2]. Overall Assessment - Despite a positive Earnings ESP, the company holds a Zacks Rank of 4, making it challenging to predict a definitive earnings beat [12][17].

Company Overview - Methode Electronics, Inc. is a leading global supplier of custom-engineered solutions for user interface, LED lighting systems, and power distribution applications [5] - The company operates in various end markets including transportation, cloud computing infrastructure, construction equipment, and consumer appliances [6] - Methode Electronics has sales, engineering, and manufacturing locations across North America, Europe, the Middle East, and Asia [5] Upcoming Financial Results - The company will release its second quarter fiscal 2025 results for the period ended November 2, 2024, on December 5, 2024, before the market opens [1] - A conference call and webcast will be held to review financial and operational highlights, led by President and CEO Jon DeGaynor and CFO Laura Kowalchik at 10:00 a.m. CST [2] Participation Details - To participate in the conference call, interested parties should dial 888-506-0062 (domestic) or 973-528-0011 (international) at least five minutes prior to the start [3] - A simultaneous webcast will be accessible through the company's website on the Investors page [3] Replay Information - A replay of the teleconference will be available shortly after the call through December 19, 2024, by dialing 877-481-4010 with passcode 51622 [4] - A webcast replay will also be available on the company's website on the Investors page [4]

Core Insights - Broad Street Realty inaugurated a 2.4 MW(dc) rooftop solar project at Cromwell Shopping Center in Glen Burnie, Maryland, which can power over 1,000 homes in the BG&E service area [1][3] - The project was developed by Centennial Generating Company, built by Halo, and will be owned and operated by Madison Energy Infrastructure [2][3] - The solar initiative aligns with Broad Street's commitment to decarbonization and supports its ESG initiatives [3] Company Overview - Broad Street Realty, Inc. is a fully integrated real estate company focused on essential grocery-anchored shopping centers and mixed-use properties in densely populated areas [4] - Centennial, founded in 2014, specializes in energy development for commercial real estate and industrial properties, with a portfolio that includes investment-grade offtake and community solar projects [6] - Madison Energy Infrastructure is a clean energy partner with a portfolio of over 0.5 GW of clean energy assets across more than 25 states, focusing on project development and long-term asset management [7]

ATLANTA, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC reminds investors of the October 25, 2024 Lead Plaintiff deadline in the following class action lawsuits. Methode Electronics, Inc. A shareholder class action lawsuit has been filed against Methode Electronics, Inc. (“Methode” or “the Company”) (NYSE: MEI). The lawsuit alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (a) the Company had lost highly skilled and experienced employees during the COVID ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Methode Electronics, Inc. (NYSE: MEI) between June 23, 2022 and March 6, 2024, both dates inclusive (the “Class Period”), of the important October 25, 2024 lead plaintiff deadline. SO WHAT: If you purchased Methode common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangem ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Methode Electronics, Inc. (NYSE: MEI). Shareholders who purchased shares of MEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/methode-electronics-inc-loss-submission-form/?id=109165&from=3 CLASS PERIOD: ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Methode Electronics, Inc. ("Methode" or the "Company") (NYSE: MEI) investors of a class action representing investors that bought securities between June 23, 2022 and March 6, 2024, inclusive (the "Class Period"). Methode investors have until October 25, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F ...

LOS ANGELES, Oct. 18, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Methode Electronics, Inc. ("Methode" or "the Company") (NYSE: MEI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of MEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as l ...

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Methode Electronics, Inc. (NYSE: MEI). Shareholders who purchased shares of MEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/methode-electronics-inc-loss-submission-form/?id=108473&from=3 CLASS PERIOD: ...

Group 1 - The Gross Law Firm has issued a notice to shareholders of Methode Electronics, Inc. regarding a class action lawsuit for shareholders who purchased shares during the specified class period from December 2, 2021, to March 6, 2024 [1] - The allegations against Methode Electronics include failure to disclose significant operational issues during the COVID-19 pandemic, including loss of skilled employees and production planning deficiencies [1] - The company is accused of logistical defects at its Monterrey facility, which hindered the launch of new electric vehicle (EV) programs and affected revenue projections [1] Group 2 - Shareholders are encouraged to register for the class action by the deadline of October 25, 2024, to potentially be appointed as lead plaintiffs [2] - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2] - There is no cost or obligation for shareholders to participate in the class action [2]