Kore Group Holdings Inc Reports Results For The Quarter Ended In June: Earnings Summary
17/08/2024 03:19
* KORE Group Holdings Inc KORE.N reported a quarterly
adjusted
loss of $3.37 per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of $-1.20. The mean expectation of four analysts for the
quarter was for a loss of 36 cents per share. Wall Street
expected results to range from -45 cents to -28 cents per share.
* Revenue fell 2.4% to $67.87 million from a year ago;
analysts
expected $73.38 million.
* KORE Group Holdings Inc's reported EPS for the quarter was
a
loss of $3.36.
* The company reported a quarterly loss of $64.3 million.
* KORE Group Holdings Inc shares had risen by 29.3% this
quarter and lost 44.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 2.7%
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 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the computer
hardware
peer group is also "buy"
Wall Street's median 12-month price target for KORE Group
Holdings Inc is $5.00
This summary was machine generated from LSEG data August 17 at
02:19 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 -0.36 -3.37 Missed
Mar. 31 2024 -0.42 -0.80 Missed
Dec. 31 2023 -0.27 -1.70 Missed
Sep. 30 2023 -0.48 -1.00 Missed