Earnings Preview: Methode (MEI) Q2 Earnings Expected to Decline

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].