Knowles Corporation (NYSE: KN) recently reported its fourth-quarter earnings results, which fell slightly short of analysts’ estimates. The company announced its earnings on Wednesday, February 7, 2024, at 04:01 PM.
Knowles reported an earnings per share (EPS) of $0.28, missing the estimated earnings of $0.29 by 3.45%. Although the company didn’t meet expectations, it’s worth noting that its revenue increased by $18.10 million compared to the same period last year.
Looking at the company’s past performance, Knowles had a strong previous quarter, beating EPS estimates by $0.03. This positive surprise was followed by an 18.73% increase in the company’s share price the next day.
To provide a broader perspective on Knowles’ performance, here’s a summary of its recent earnings results:
– Q3 2023: EPS Estimate – $0.28, EPS Actual – $0.31, Revenue Estimate – $179.05M, Revenue Actual – $175.10M.
– Q2 2023: EPS Estimate – $0.22, EPS Actual – $0.23, Revenue Estimate – $172.32M, Revenue Actual – $173.00M.
– Q1 2023: EPS Estimate – $0.04, EPS Actual – $0.05, Revenue Estimate – $134.33M, Revenue Actual – $144.30M.
– Q4 2022: EPS Estimate – $0.33, EPS Actual – $0.33, Revenue Estimate – $210.00M, Revenue Actual – $197.10M.
While it’s important to note the company’s performance against estimates, it’s equally crucial to consider the guidance or forecast provided by Knowles’ management. For Q1 2024, the company expects earnings per share between $0.16 and $0.2.
New investors should keep in mind that it is not always an earnings beat or miss that significantly influences a stock’s price. Guidance plays a crucial role in shaping market sentiment.
To stay updated on Knowles’ earnings releases, investors can visit the company’s earnings calendar on Benzinga’s website.
It’s important to mention that this article was generated by Benzinga’s automated content engine and reviewed by an editor.
