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

KORE group

16/05/2024 24:14

* KORE Group Holdings Inc  KORE.N  reported a quarterly
adjusted
loss of 16 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -24 cents.  The mean expectation of
four analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -10 cents
to -7 cents per share.
    * Revenue rose 15.2% to $75.98 million from a year ago;
analysts
expected $73.92 million. 
    * KORE Group Holdings Inc's reported EPS for the quarter was
a
loss of 19 cents​.
    * The company reported a quarterly loss of $17.59 million.
    * KORE Group Holdings Inc shares had fallen by 0.9% this
quarter and lost 20.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $2.00 
This summary was machine generated from LSEG data May 15 at
11:14 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      -0.08          -0.16          Missed
 Dec. 31 2023      -0.05          -0.34          Missed
 Sep. 30 2023      -0.10          -0.20          Missed
 Jun. 30 2023      -0.09          -0.24          Missed