KORE Group (KORE) to Release Earnings on Wednesday

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

KORE Group (NYSE:KORE) last announced its earnings results on Thursday, August 15th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.68) by ($0.31). The business had revenue of $67.87 million for the quarter, compared to the consensus estimate of $73.37 million. KORE Group had a negative net margin of 74.03% and a negative return on equity of 389.39%. 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

KORE opened at $1.96 on Wednesday. The firm has a market cap of $35.46 million, a P/E ratio of -0.17 and a beta of 2.47. KORE Group has a 1-year low of $1.30 and a 1-year high of $6.45. The company has a 50 day simple moving average of $2.18 and a two-hundred day simple moving average of $2.67. The company has a debt-to-equity ratio of 13.25, a current ratio of 1.36 and a quick ratio of 1.24.

Wall Street Analyst Weigh In

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 report on Friday, August 23rd.

KORE Group Company Profile

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.