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

KORE group

09/08/2023 22:53

* KORE Group Holdings Inc  KORE.N  reported a quarterly
adjusted
loss of 24 cents​​ per share for the quarter ended in June. The
mean expectation of five analysts for the quarter was for a loss
of 9 cents per share.
    * Revenue fell 1.2% to $69.54 million from a year ago;
analysts
expected $72.09 million. 
    * KORE Group Holdings Inc's reported EPS for the quarter was
a
loss of 24 cents​.
    * 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. 
    * KORE Group Holdings Inc shares had fallen by 9.0% this
quarter and lost 11.9% so far this year.
    * The company reported a quarterly loss of $19.5 million.
    * Wall Street's median 12-month price target for KORE Group
Holdings Inc is $4.75 
    * 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
August 9 at 09:53 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.09          -0.24          Missed
 Mar. 31 2023      -0.08          -0.24          Missed
 Dec. 31 2022      -0.11          -0.16          Missed
 Sep. 30 2022      -0.13          -0.17          Missed