Methode Electronics (MEI) Stock Forecast, Price Target & Predictions
MEI Stock Forecast
Methode Electronics stock forecast is as follows: an average price target of $12.50 (represents a 36.46% upside from MEI’s last price of $9.16) and a rating consensus of 'Hold', based on 8 wall street analysts offering a 1-year stock forecast.
MEI Price Target
MEI Analyst Ratings
Methode Electronics Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Sep 06, 2024 | Luke Junk | Robert W. Baird | $13.00 | $10.34 | 25.73% | 41.92% |
Apr 09, 2024 | Saree Boroditsky | Jefferies | $12.00 | $12.58 | -4.61% | 31.00% |
Jun 15, 2022 | Luke Junk | Robert W. Baird | $42.00 | $42.41 | -0.97% | 358.52% |
Methode Electronics Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 1 | 2 |
Avg Price Target | - | $13.00 | $12.50 |
Last Closing Price | $9.16 | $9.16 | $9.16 |
Upside/Downside | -100.00% | 41.92% | 36.46% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 06, 2024 | Oppenheimer | Outperform | Outperform | Hold |
Sep 06, 2024 | Deutsche Bank | - | Buy | Upgrade |
Sep 06, 2024 | Needham | Neutral | Neutral | Hold |
Sep 06, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
Sep 06, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
Jul 17, 2024 | Citigroup | Underweight | Underweight | Hold |
Jul 02, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
Apr 09, 2024 | Jefferies | - | Hold | Initialise |
Methode Electronics Financial Forecast
Methode Electronics Revenue Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | $259.50M | $288.00M | $289.70M | $301.20M | $280.10M | $315.90M | $282.40M | $288.70M | $291.60M | $295.50M | $287.80M | - | $295.30M | $300.80M | - | - | - | $257.20M | $270.20M | $266.00M | $246.90M |
Avg Forecast | $307.28M | $275.72M | $284.96M | $273.50M | $291.94M | $265.53M | $269.78M | $266.49M | $266.95M | $288.03M | $290.21M | $281.27M | $298.83M | $290.27M | $293.94M | $282.55M | $289.19M | $281.62M | $268.24M | $281.51M | $280.06M | $277.72M | $276.58M | $174.30M | $209.04M | $277.41M | $281.89M | $268.27M | $274.36M | $259.29M |
High Forecast | $309.62M | $277.81M | $287.13M | $275.58M | $294.16M | $267.49M | $273.18M | $267.07M | $266.95M | $288.03M | $292.41M | $283.41M | $301.10M | $292.47M | $299.07M | $287.49M | $294.25M | $286.54M | $272.93M | $286.43M | $284.96M | $282.57M | $281.41M | $177.35M | $212.70M | $282.26M | $286.82M | $272.96M | $279.15M | $263.82M |
Low Forecast | $305.52M | $274.13M | $283.33M | $271.93M | $290.27M | $263.57M | $266.39M | $265.91M | $266.95M | $288.03M | $288.54M | $279.66M | $297.12M | $288.60M | $290.90M | $279.64M | $286.21M | $278.71M | $265.48M | $278.61M | $277.17M | $274.85M | $273.73M | $172.50M | $206.89M | $274.55M | $278.98M | $265.50M | $271.52M | $256.61M |
# Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
Surprise % | - | - | - | - | - | - | - | - | - | 0.90% | 0.99% | 1.03% | 1.01% | 0.96% | 1.07% | 1.00% | 1.00% | 1.04% | 1.10% | 1.02% | - | 1.06% | 1.09% | - | - | - | 0.91% | 1.01% | 0.97% | 0.95% |
Methode Electronics EBITDA Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
EBITDA | - | - | - | - | - | - | - | - | - | $-3.00M | $-51.30M | $3.80M | $21.90M | $28.50M | $46.10M | $38.20M | $22.50M | $47.90M | $47.40M | $48.50M | - | $51.30M | $60.20M | - | - | - | $38.20M | $44.50M | $39.50M | $36.70M |
Avg Forecast | $43.11M | $38.69M | $39.98M | $38.37M | $40.96M | $37.26M | $37.85M | $37.39M | $80.64M | $40.41M | $40.72M | $39.46M | $73.31M | $49.87M | $41.24M | $39.64M | $66.64M | $39.51M | $37.64M | $39.50M | $47.40M | $38.97M | $38.81M | $24.46M | $45.90M | $38.92M | $39.55M | $37.64M | $22.27M | $36.38M |
High Forecast | $43.44M | $38.98M | $40.29M | $38.67M | $41.27M | $37.53M | $38.33M | $37.47M | $96.76M | $40.41M | $41.03M | $39.76M | $87.97M | $59.85M | $41.96M | $40.34M | $79.97M | $40.20M | $38.29M | $40.19M | $56.88M | $39.65M | $39.48M | $24.88M | $55.08M | $39.60M | $40.24M | $38.30M | $26.72M | $37.02M |
Low Forecast | $42.87M | $38.46M | $39.75M | $38.15M | $40.73M | $36.98M | $37.38M | $37.31M | $64.51M | $40.41M | $40.49M | $39.24M | $58.64M | $39.90M | $40.82M | $39.24M | $53.31M | $39.11M | $37.25M | $39.09M | $37.92M | $38.56M | $38.41M | $24.20M | $36.72M | $38.52M | $39.14M | $37.25M | $17.81M | $36.01M |
Surprise % | - | - | - | - | - | - | - | - | - | -0.07% | -1.26% | 0.10% | 0.30% | 0.57% | 1.12% | 0.96% | 0.34% | 1.21% | 1.26% | 1.23% | - | 1.32% | 1.55% | - | - | - | 0.97% | 1.18% | 1.77% | 1.01% |
Methode Electronics Net Income Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
Net Income | - | - | - | - | - | - | - | - | - | $-11.60M | $-55.30M | $900.00K | $8.10M | $19.90M | $27.60M | $21.50M | $16.20M | $29.40M | $27.50M | $29.10M | - | $31.90M | $38.60M | - | - | - | $23.80M | $28.30M | $22.60M | $30.70M |
Avg Forecast | $7.30M | $2.91M | $4.82M | $2.10M | $2.86M | $-1.95M | $-5.75M | $-10.98M | $32.17M | $2.95M | $4.01M | $8.03M | $29.24M | $28.93M | $22.58M | $18.07M | $26.58M | $25.51M | $24.44M | $26.21M | $29.48M | $27.63M | $27.28M | $9.21M | $33.59M | $31.41M | $22.44M | $24.56M | $15.29M | $18.89M |
High Forecast | $7.37M | $2.94M | $4.87M | $2.12M | $2.89M | $-866.31K | $-5.07M | $-10.90M | $38.60M | $2.96M | $4.05M | $8.11M | $35.09M | $34.72M | $23.10M | $18.48M | $31.90M | $26.08M | $25.00M | $26.81M | $35.37M | $28.26M | $27.90M | $9.42M | $40.30M | $32.12M | $22.94M | $25.12M | $18.35M | $19.32M |
Low Forecast | $7.24M | $2.89M | $4.79M | $2.08M | $2.84M | $-2.82M | $-6.08M | $-11.09M | $25.73M | $2.95M | $3.98M | $7.97M | $23.39M | $23.15M | $22.28M | $17.82M | $21.27M | $25.16M | $24.11M | $25.86M | $23.58M | $27.26M | $26.91M | $9.09M | $26.87M | $30.99M | $22.13M | $24.23M | $12.23M | $18.64M |
Surprise % | - | - | - | - | - | - | - | - | - | -3.93% | -13.77% | 0.11% | 0.28% | 0.69% | 1.22% | 1.19% | 0.61% | 1.15% | 1.13% | 1.11% | - | 1.15% | 1.42% | - | - | - | 1.06% | 1.15% | 1.48% | 1.62% |
Methode Electronics SG&A Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
SG&A | - | - | - | - | - | - | - | - | - | $33.90M | $40.90M | $44.50M | $50.10M | $32.90M | $36.60M | $35.30M | $35.60M | $34.50M | $31.20M | $32.80M | - | $32.40M | $30.80M | - | - | - | $33.20M | $32.40M | $32.60M | $32.80M |
Avg Forecast | $37.93M | $34.03M | $35.17M | $33.76M | $36.03M | $32.77M | $33.30M | $32.89M | $32.95M | $35.55M | $35.82M | $34.72M | $36.89M | $32.83M | $36.28M | $34.88M | $35.70M | $34.76M | $33.11M | $34.75M | $29.94M | $34.28M | $34.14M | $21.51M | $26.90M | $34.24M | $34.79M | $33.11M | $15.94M | $32.00M |
High Forecast | $38.22M | $34.29M | $35.44M | $34.02M | $36.31M | $33.02M | $33.72M | $32.96M | $32.95M | $35.55M | $36.09M | $34.98M | $37.17M | $39.39M | $36.91M | $35.49M | $36.32M | $35.37M | $33.69M | $35.35M | $35.93M | $34.88M | $34.74M | $21.89M | $32.28M | $34.84M | $35.40M | $33.69M | $19.13M | $32.56M |
Low Forecast | $37.71M | $33.84M | $34.97M | $33.56M | $35.83M | $32.53M | $32.88M | $32.82M | $32.95M | $35.55M | $35.62M | $34.52M | $36.67M | $26.26M | $35.91M | $34.52M | $35.33M | $34.40M | $32.77M | $34.39M | $23.95M | $33.93M | $33.79M | $21.29M | $21.52M | $33.89M | $34.44M | $32.77M | $12.75M | $31.67M |
Surprise % | - | - | - | - | - | - | - | - | - | 0.95% | 1.14% | 1.28% | 1.36% | 1.00% | 1.01% | 1.01% | 1.00% | 0.99% | 0.94% | 0.94% | - | 0.95% | 0.90% | - | - | - | 0.95% | 0.98% | 2.05% | 1.02% |
Methode Electronics EPS Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
EPS | - | - | - | - | - | - | - | - | - | $-0.33 | $-1.55 | $0.03 | $0.23 | $0.56 | $0.76 | $0.59 | $0.44 | $0.80 | $0.73 | $0.77 | - | $0.84 | $1.01 | - | - | - | $0.63 | $0.75 | $0.61 | $0.82 |
Avg Forecast | $0.21 | $0.08 | $0.14 | $0.06 | $0.08 | $-0.06 | $-0.16 | $-0.31 | $-0.20 | $0.08 | $0.11 | $0.23 | $0.38 | $0.69 | $0.64 | $0.51 | $0.43 | $0.72 | $0.69 | $0.74 | $0.70 | $0.78 | $0.77 | $0.26 | $0.76 | $0.89 | $0.63 | $0.69 | $0.71 | $0.53 |
High Forecast | $0.21 | $0.08 | $0.14 | $0.06 | $0.08 | $-0.02 | $-0.14 | $-0.31 | $-0.20 | $0.08 | $0.11 | $0.23 | $0.38 | $0.70 | $0.65 | $0.52 | $0.44 | $0.74 | $0.71 | $0.76 | $0.72 | $0.80 | $0.79 | $0.27 | $0.78 | $0.91 | $0.65 | $0.71 | $0.73 | $0.55 |
Low Forecast | $0.20 | $0.08 | $0.14 | $0.06 | $0.08 | $-0.08 | $-0.17 | $-0.31 | $-0.20 | $0.08 | $0.11 | $0.22 | $0.38 | $0.69 | $0.63 | $0.50 | $0.42 | $0.71 | $0.68 | $0.73 | $0.70 | $0.77 | $0.76 | $0.26 | $0.75 | $0.87 | $0.62 | $0.68 | $0.70 | $0.53 |
Surprise % | - | - | - | - | - | - | - | - | - | -3.96% | -13.68% | 0.13% | 0.61% | 0.81% | 1.19% | 1.16% | 1.03% | 1.11% | 1.06% | 1.04% | - | 1.08% | 1.31% | - | - | - | 0.99% | 1.08% | 0.86% | 1.54% |
Methode Electronics Peer Comparison by Price Target
MEI Forecast FAQ
Is Methode Electronics a good buy?
No, according to 8 Wall Street analysts, Methode Electronics (MEI) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 25.00% of MEI's total ratings.
What is MEI's price target?
Methode Electronics (MEI) average price target is $12.5 with a range of $12 to $13, implying a 36.46% from its last price of $9.16. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Methode Electronics stock go up soon?
According to Wall Street analysts' prediction for MEI stock, the company can go up by 36.46% (from the last price of $9.16 to the average price target of $12.5), up by 41.92% based on the highest stock price target, and up by 31.00% based on the lowest stock price target.
Can Methode Electronics stock reach $14?
MEI's average twelve months analyst stock price target of $12.5 does not support the claim that Methode Electronics can reach $14 in the near future.
What are Methode Electronics's analysts' financial forecasts?
Methode Electronics's analysts financial forecasts for the fiscal year (Apr 2025) are as follows: average revenue is $1.09B (high $1.1B, low $1.09B), average EBITDA is $153.46M (high $154.61M, low $152.39M), average net income is $-15.811M (high $-13.942M, low $-17.145M), average SG&A $135M (high $136.01M, low $134.06M), and average EPS is $-0.446 (high $-0.394, low $-0.484). MEI's analysts financial forecasts for the fiscal year (Apr 2026) are as follows: average revenue is $1.14B (high $1.15B, low $1.13B), average EBITDA is $160.16M (high $161.37M, low $159.24M), average net income is $17.13M (high $17.3M, low $17M), average SG&A $140.89M (high $141.96M, low $140.08M), and average EPS is $0.484 (high $0.488, low $0.48).
Did the MEI's actual financial results beat the analysts' financial forecasts?
Based on Methode Electronics's last annual report (Apr 2023), the company's revenue was $1.18B, beating the average analysts forecast of $1.17B by 1.20%. Apple's EBITDA was $142.3M, missing the average prediction of $204.07M by -30.27%. The company's net income was $77.1M, missing the average estimation of $98.83M by -21.98%. Apple's SG&A was $154.9M, beating the average forecast of $140.87M by 9.96%. Lastly, the company's EPS was $2.14, missing the average prediction of $2.22 by -3.71%. In terms of the last quarterly report (Jan 2024), Methode Electronics's revenue was $259.5M, missing the average analysts' forecast of $288.03M by -9.91%. The company's EBITDA was $-3M, missing the average prediction of $40.41M by -107.42%. Methode Electronics's net income was $-11.6M, missing the average estimation of $2.95M by -492.96%. The company's SG&A was $33.9M, missing the average forecast of $35.55M by -4.65%. Lastly, the company's EPS was $-0.33, missing the average prediction of $0.0833 by -496.00%