Kore Group Holdings Inc Expected To Post A Loss Of 8 Cents A Share: Earnings Preview

KORE group

05/05/2023 23:07

* KORE Group Holdings Inc  KORE.N   KORE.K  is expected
to show a
fall in quarterly revenue when it reports  results on May 9. 
    * The Atlanta Georgia-based  company is expected to report 
a
6.0% decrease in revenue to $64.805 million from $68.94 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for KORE Group Holdings
Inc
is for a loss of 8 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for KORE Group
Holdings Inc is $4.25​, above​ its last closing price of $1.15.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.13       -0.11      -0.16     Missed  -40
 Sep. 30 2022  -0.14       -0.13      -0.17     Missed  -25.9
 Jun. 30 2022  -0.06       -0.07      -0.15     Missed  -106.9
                                                        ​
 Mar. 31 2022  -0.09       -0.09      -0.15     Missed  -62.2
 ​​Dec.        -0.10       -0.11      -0.17     Missed  -49.9
 31 2021                                                
 Sep. 30 2021  -0.06       -0.06      -0.27     Missed  -350​
 This summary was machine generated May 5 at 22:06 GMT.  All
figures in US dollars  unless otherwise stated