KORE Group (KORE) Projected to Post Earnings on Thursday

KORE Group (NYSE:KORE) is expected to be announcing its Q4 2024 earnings results before the market opens on Thursday, May 15th. Analysts expect KORE Group to post earnings of ($0.53) per share and revenue of $70.30 million for the quarter.

KORE Group (NYSE:KORE) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($1.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.78). The firm had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. KORE Group had a negative return on equity of 492.16% and a negative net margin of 47.33%. On average, analysts expect KORE Group to post $-5 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

KORE Group Stock Performance

Shares of KORE stock opened at $2.30 on Wednesday. KORE Group has a 52-week low of $1.10 and a 52-week high of $4.88. The stock has a market cap of $39.47 million, a price-to-earnings ratio of -0.33 and a beta of 1.76. The firm’s 50-day moving average is $2.46 and its 200-day moving average is $2.20.

Analysts Set New Price Targets

Separately, TD Securities lifted their target price on KORE Group from $2.50 to $3.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st.

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.