KORE Group Holdings, Inc. (KORE) Reports Q2 Loss, Misses Revenue Estimates
KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $0.99 per share versus the Zacks Consensus Estimate of a loss of $0.68. This compares to loss of $1.20 per share a year ago.
Q2 2024 EPS Estimates for KORE Group Holdings, Inc. Decreased by Analyst (NYSE:KORE)
KORE Group Holdings, Inc. (NYSE:KORE – Free Report) – Investment analysts at Roth Capital cut their Q2 2024 EPS estimates for KORE Group in a report issued on Thursday, May 16th. Roth Capital analyst S. Searle now forecasts that the company will post earnings per share of ($0.09) for the quarter, down from their prior estimate of ($0.07). The consensus estimate for KORE Group’s current full-year earnings is ($0.25) per share. Roth Capital also issued estimates for KORE Group’s Q3 2024 earnings at ($0.07) EPS, Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.34) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.22) EPS. Separately, Roth Mkm reissued a “buy” rating and set a $3.50 price target on shares of KORE Group in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2.94. Check Out Our Latest Report on KORE KORE Group Price Performance Shares of KORE opened at $0.77 on Monday. The stock has a market capitalization of $64.26 million, a PE ratio of -0.41 and a beta of 2.71. The company has a 50 day moving average price of $0.77 and a 200-day moving average price of $0.77. The company has a debt-to-equity ratio of 13.25, a quick ratio of 1.26 and a current ratio of 1.37. KORE Group has a fifty-two week low of $0.32 and a fifty-two week high of $1.76. KORE Group (NYSE:KORE – Get Free Report) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.26) earnings per share for the quarter. KORE Group had a negative net margin of 57.97% and a negative return on equity of 123.65%. The firm had revenue of $72.47 million during the quarter. Institutional Inflows and Outflows A hedge fund recently bought a new stake in KORE Group stock. Worth Venture Partners LLC acquired a new stake in KORE Group Holdings, Inc. (NYSE:KORE – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 37,038 shares of the company’s stock, valued at approximately $36,000. Hedge funds and other institutional investors own 57.45% of the company’s stock. About KORE Group (Get Free Report) 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.
