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

Kimball Electronics

08/05/2024 24:27

* Kimball Electronics Inc  KE.OQ  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 65 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 36 cents to 45 cents per share.
    * Revenue fell 12.3% to $425.04 million from a year ago;
analysts
expected $440.20 million. 
    * Kimball Electronics Inc's reported EPS for the quarter was
a
loss of 24 cents​.
    * The company reported a quarterly loss of $6.08 million.
    * Kimball Electronics Inc shares had risen by 0.9% this
quarter and lost 18.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.5%
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 $28.00 
This summary was machine generated from LSEG data May 7 at 11:27
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
 Mar. 31 2024      0.40           0.34           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