Kore Group Holdings Inc Reports Results For The Quarter Ended In December: Earnings Summary

KORE group

27/03/2023 23:38

* KORE Group Holdings Inc  KORE.N  reported a quarterly
adjusted
loss of 16 cents​​ per share for the quarter ended in December.
The mean expectation of four analysts for the quarter was for a
loss of 11 cents per share.
    * Revenue fell 2.9% to $62.42 million from a year ago;
analysts
expected $60.95 million. 
    * KORE Group Holdings Inc's reported EPS for the quarter was
a
loss of 90 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * KORE Group Holdings Inc shares had fallen by 1.6% this
quarter.
    * The company reported a quarterly loss of $68.79 million.
    * Wall Street's median 12-month price target for KORE Group
Holdings Inc is $5.25 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 27 at 10:38 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.11          -0.16          Missed
 Sep. 30 2022      -0.13          -0.17          Missed
 Jun. 30 2022      -0.07          -0.15          Missed
 Mar. 31 2022      -0.09          -0.15          Missed