Methode Electronics, Inc. (MEI)
NYSE: MEI · Real-Time Price · USD
9.43
-0.10 (-1.05%)
Oct 29, 2024, 4:00 PM EDT - Market closed

Methode Electronics Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Methode Electronics stock have an average target of 12.5, with a low estimate of 12 and a high estimate of 13. The average target predicts an increase of 32.56% from the current stock price of 9.43.

Analyst Consensus: Hold
Target Low Average Median High
Price $12 $12.5 $13 $13
Change +27.25% +32.56% +37.86% +37.86%
* Price targets were last updated on Sep 6, 2024.

Analyst Ratings

The average analyst rating for MEI stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 000000
Buy 000000
Hold 444433
Sell 000000
Strong Sell 000000
Total 444433

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Baird
Baird
Hold
Maintains
$15$13
Hold Maintains $15$13 +37.86% Sep 6, 2024
Jefferies
Jefferies
Hold
Initiates
$12
Hold Initiates $12 +27.25% Apr 9, 2024
Sidoti & Co.
Sidoti & Co.
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Mar 7, 2024
Baird
Baird
Hold
Maintains
$49$42
Hold Maintains $49$42 +345.39% Jun 13, 2023
Barrington Research
Barrington Research
Hold
Reiterates
n/a
Hold Reiterates n/a n/a May 25, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
1.11B
from 1.11B
Decreased by -0.67%
Revenue Next Year
1.18B
from 1.11B
Increased by 6.14%
EPS This Year
-0.33
from -3.48
EPS Next Year
0.94
from -0.33
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending May 2, 2020 May 1, 2021 Apr 30, 2022 Apr 29, 2023 Apr 27, 2024 Apr 27, 2025 Apr 27, 2026
Revenue
1.02B1.09B1.16B1.18B1.11B1.11B1.18B
Revenue Growth
2.36%6.26%6.95%1.38%-5.52%-0.67%6.14%
EPS
3.263.192.702.10-3.48-0.330.94
EPS Growth
34.16%-2.15%-15.36%-22.22%---
Forward PE
------10.04
No. Analysts -----44
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20252026
High 1.2B 1.3B
Avg 1.1B 1.2B
Low 1.1B 1.1B

Revenue Growth

Revenue Growth 20252026
High
4.6%
14.1%
Avg
-0.7%
6.1%
Low
-5.3%
-0.4%

EPS Forecast

EPS 20252026
High -0.26 1.28
Avg -0.33 0.94
Low -0.42 0.70

EPS Growth

EPS Growth 20252026
High - -
Avg - -
Low - -
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.