Methode (MEI) Reports Q4 Loss, Tops Revenue Estimates

Company Performance - Methode reported a quarterly loss of $0.23 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.21, and a decline from earnings of $0.21 per share a year ago [1] - The company has not surpassed consensus EPS estimates over the last four quarters [2] - Methode's shares have decreased by approximately 58.5% since the beginning of the year, contrasting with the S&P 500's gain of 18.1% [3] Revenue and Earnings Outlook - For the upcoming quarter, the current consensus EPS estimate is -$0.16 on revenues of $272.32 million, and for the current fiscal year, it is -$0.04 on revenues of $1.09 billion [5] - Methode posted revenues of $277.3 million for the quarter ended April 2024, exceeding the Zacks Consensus Estimate by 1.65%, but down from $301.2 million year-over-year [11] Industry Context - Methode operates within the Zacks Electronics - Connectors industry, which is currently ranked in the top 2% of over 250 Zacks industries [14] - The industry outlook can significantly influence stock performance, with empirical research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than a factor of 2 to 1 [14]