KORE Group (KORE) Set to Announce Earnings on Wednesday

KORE Group (NYSE:KORE) will release its earnings data after the market closes on Wednesday, May 15th. Analysts expect KORE Group to post earnings of ($0.11) per share for the quarter.

KORE Group (NYSE:KORE) last announced its earnings results on Monday, April 15th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $72.47 million for the quarter. KORE Group had a negative net margin of 60.39% and a negative return on equity of 85.34%. On average, analysts expect KORE Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

KORE Group Price Performance

Shares of NYSE KORE opened at $0.80 on Friday. KORE Group has a fifty-two week low of $0.32 and a fifty-two week high of $1.76. The company has a debt-to-equity ratio of 8.01, a quick ratio of 1.26 and a current ratio of 1.37. The company has a market cap of $66.56 million, a PE ratio of -0.41 and a beta of 2.71. The business has a 50-day simple moving average of $0.78 and a two-hundred day simple moving average of $0.75.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and issued a $3.50 price objective on shares of KORE Group in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KORE Group has an average rating of “Moderate Buy” and an average target price of $2.94.

About KORE Group

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.