Financial News
Earnings To Watch: Kimball Electronics (KE) Reports Q3 Results Tomorrow
Global electronics contract manufacturer Kimball Electronics (NYSE:KE) will be reporting results tomorrow afternoon. Here’s what investors should know.
Kimball Electronics missed analysts’ revenue expectations by 3.6% last quarter, reporting revenues of $430.2 million, down 13.3% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations and a miss of analysts’ earnings estimates.
Is Kimball Electronics a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Kimball Electronics’s revenue to decline 14.4% year on year to $374.8 million, a reversal from the 7.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.25 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kimball Electronics has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Kimball Electronics’s peers in the electrical systems segment, some have already reported their Q3 results, giving us a hint as to what we can expect. OSI Systems delivered year-on-year revenue growth of 23.2%, beating analysts’ expectations by 8%, and Vertiv reported revenues up 19%, topping estimates by 4.8%. OSI Systems traded down 5.5% following the results while Vertiv was also down 2.2%.
Read our full analysis of OSI Systems’s results here and Vertiv’s results here.
Investors in the electrical systems segment have had steady hands going into earnings, with share prices flat over the last month. Kimball Electronics is up 3.9% during the same time and is heading into earnings with an average analyst price target of $23.25 (compared to the current share price of $18.15).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.