Consensus Price Of Methode Electronics, Inc. (NYSE:MEI) At $46.375

Equity Research experts reviewing imminent earnings progress for Methode Electronics, Inc. (NYSE:MEI), are predicting firm to report $0.7367 for the quarter completing on 2017-01-31. This number is on a decided basis of the advisors delivering forecasts on the firm.

In analyzing the expert’s continuing EPS projections developments, mean prediction is $15.

Three months before, the growth estimate was $15, on a consensus level. Virtually 4 analysts are covering Methode Electronics, Inc. (NYSE:MEI). The consensus point stands at $46.375. The brokers sighting positive up move has target of $50, while the conservative projection is $39.

This figures may either surpass or miss consensus predictions, which divulge the economic state of a corporation. No matter what the result it, the equity price tends to reacts after release of report. If the released EPS manages to beat the projected target, it comes as a positive surprise, which can result in upward momentum in the stock price. If the posted earnings are not par with the consensus, the impact on stock prices is negative.

A corporation that has an exciting track record of beating consensus EPS predictions will generally grow well in imminent period. Pre-Announcements are forecasts conveyed by entities that offer a clue to stockholders of what their imminent performance will possibly be. These digits are archetypally defined in the contracted range, in which the earnings will likely fall.

To the mark that the average of this released series is noticeably dissimilar than the existing EPS forecast, this announcement type will be detailed a pre-announcement surprise. Fresh research has discovered that pre-announcement revelations regularly have a superior short-term impact on shares price than successive released earnings revelations.

Methode Electronics, Inc. has a rating of 1.5 based on the outlook of 4 firms. For the period ending 2017-01-31, report can come around 2017-03-02.

The company posted EPS of $0.66 on 2016-12-08 for the quarter ended 2016-10-31. This was a 20% surprise factor, or $0.11 away from analysts target.

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