Kimball Electronics Q4 2024 Adj. EPS $0.33 Misses $0.44 Estimate, Sales $430.158M Miss $446.217M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimball Electronics (NASDAQ:KE) reported Q4 2024 earnings of $0.33 per share, missing the analyst estimate of $0.44 by 25%. Sales were $430.158M, also below the $446.217M estimate. Both earnings and sales showed significant declines from the same period last year.
August 14, 2024 | 6:47 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Kimball Electronics reported Q4 2024 earnings of $0.33 per share, missing the analyst estimate of $0.44 by 25%. Sales were $430.158M, also below the $446.217M estimate. Both earnings and sales showed significant declines from the same period last year.
The significant miss on both earnings and sales estimates, coupled with year-over-year declines, is likely to negatively impact Kimball Electronics' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100