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

Kimball Electronics

14/08/2024 02:18

* Kimball Electronics Inc  KE.OQ  reported quarterly
adjusted
earnings of 33 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 76 cents.  The mean expectation of five analysts
for the quarter was for earnings of 44 cents per share. Wall
Street expected results to range from 40 cents to 50 cents per
share.
    * Revenue fell 13.3% to $430.16 million from a year ago;
analysts
expected $446.22 million. 
    * Kimball Electronics Inc's reported EPS for the quarter was
30
cents​.
    * The company reported quarterly net income of $7.54
million.
    * Kimball Electronics Inc shares had fallen by 9.0% this
quarter and lost 25.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $28.00 
This summary was machine generated from LSEG data August 14 at
01:18 a.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
 Jun. 30 2024      0.44           0.33           Missed
 Mar. 31 2024      0.40           0.34           Missed
 Dec. 31 2023      0.40           0.33           Missed
 Sep. 30 2023      0.43           0.43           Met