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Massive EPS Forecast Hike On Methode Electronics

|Includes: Methode Electronics, Inc. (MEI)

The EPS forecast on Methode Electronics was just raised from $0.56 per share to $0.68. The stock has yet to react to the EPS forecast hike.

The EPS has exploded +132% year over year.

Revenue growth is a thing of beauty as well. The company has managed a 12.5% annual rate of growth in revenue for the last 5 years.

I also like the PEG ratio which is a smoking hot 0.97.

The company has more than $160 million in cash with only $20 million in debt.

Watch the chart though. It's currently pulling back and so you want to wait for a candle over candle entry.

Full report: Methode Electronics Stock EPS Estimate Explodes Higher

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.