KORE Group (KORE) to Release Earnings on Wednesday

KORE Group (NYSE:KORE) is scheduled to release its earnings data after the market closes on Wednesday, November 13th. Analysts expect KORE Group to post earnings of ($0.98) per share for the quarter. KORE Group has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

KORE Group (NYSE:KORE) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.31). KORE Group had a negative return on equity of 389.39% and a negative net margin of 74.03%. The company had revenue of $67.87 million during the quarter, compared to the consensus estimate of $73.37 million. On average, analysts expect KORE Group to post $-6 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

KORE Group Stock Performance

Shares of KORE stock opened at $1.96 on Wednesday. The company has a 50 day moving average price of $2.18 and a 200-day moving average price of $2.67. KORE Group has a 52 week low of $1.30 and a 52 week high of $6.45. The firm has a market capitalization of $35.46 million, a PE ratio of -0.17 and a beta of 2.47. The company has a quick ratio of 1.24, a current ratio of 1.36 and a debt-to-equity ratio of 13.25.

Wall Street Analysts Forecast Growth

Separately, TD Cowen lowered shares of KORE Group from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a research note on Friday, August 23rd.

About KORE Group

KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company’s products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.