Equities research analysts predict that KORE Group Holdings, Inc. (NYSE:KORE – Get Rating) will post ($0.07) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for KORE Group’s earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.05). The business is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that KORE Group will report full year earnings of ($0.32) per share for the current fiscal year, with EPS estimates ranging from ($0.46) to ($0.21). For the next financial year, analysts anticipate that the company will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.29) to ($0.06). Zacks’ EPS averages are a mean average based on a survey of research analysts that cover KORE Group.
KORE Group (NYSE:KORE – Get Rating) last announced its quarterly earnings results on Tuesday, March 29th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). The company had revenue of $64.30 million for the quarter, compared to analyst estimates of $58.20 million.
Shares of KORE opened at $4.15 on Thursday. KORE Group has a 52 week low of $3.26 and a 52 week high of $9.50. The firm’s 50-day simple moving average is $4.83 and its 200 day simple moving average is $5.61.
Institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of KORE Group during the 4th quarter worth approximately $27,000. Penserra Capital Management LLC bought a new stake in shares of KORE Group during the 4th quarter worth approximately $31,000. Bank of America Corp DE bought a new stake in shares of KORE Group during the 4th quarter worth approximately $41,000. Mirabella Financial Services LLP bought a new stake in shares of KORE Group during the 4th quarter worth approximately $68,000. Finally, Raymond James & Associates bought a new position in KORE Group in the 4th quarter valued at approximately $71,000. 65.83% of the stock is owned by institutional investors.
KORE Group Company Profile (Get Rating)
KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. The company provides Connectivity-as-a-Service; IoT solutions and analytics to fleet tracking companies; and asset monitoring, communications, and industrial IoT services.
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