Kimball Electronics Inc reports results for the quarter ended in December - Earnings Summary

Kimball Electronics

05/02/2024 22:01

* Kimball Electronics Inc  KE.OQ  reported quarterly
adjusted
earnings of 33 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 44 cents.  The mean expectation of
five analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 37 cents to 45
cents per share.
    * Revenue fell 3.5% to $421.24 million from a year ago;
analysts
expected $435.02 million. 
    * Kimball Electronics Inc's reported EPS for the quarter was
33
cents​.
    * The company reported quarterly net income of $8.29
million.
    * Kimball Electronics Inc shares had fallen by 11.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Kimball
Electronics Inc is $33.00 
This summary was machine generated from LSEG data February 5 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.40           0.33           Missed
 Sep. 30 2023      0.43           0.43           Met
 Jun. 30 2023      0.68           0.76           Beat
 Mar. 31 2023      0.68           0.65           Missed