Kimball Electronics (NASDAQ: KE) recently reported its Q2 earnings results, which fell short of estimated earnings by 25.0%. The company reported an EPS of $0.33, compared to an estimated $0.44. Additionally, revenue was down $15.46 million from the same period last year.
This disappointing earnings report follows a similar trend from the previous quarter, where Kimball Electronics also missed on EPS. The company’s stock price dropped by 13.03% the day after the announcement.
To provide some context, let’s take a look at Kimball Electronics’ past performance. In Q1 2024, the company’s EPS estimate was 0.43, and the actual EPS reported was the same. In Q4 2023, the EPS estimate was 0.68, but the company exceeded expectations with an EPS of 0.76. In Q3 2023, the EPS estimate was 0.68, and the actual EPS reported was 0.65. Lastly, in Q2 2023, the EPS estimate was 0.52, and the actual EPS reported was 0.44.
In terms of revenue, the estimates and actual figures for each quarter are as follows: In Q1 2024, the revenue estimate was $452.20 million, but the actual revenue reported was $438.08 million. In Q4 2023, the revenue estimate was $472.69 million, and the actual revenue reported was $496.14 million. In Q3 2023, the revenue estimate was $452.79 million, and the actual revenue reported was $484.70 million. Lastly, in Q2 2023, the revenue estimate was $412.78 million, and the actual revenue reported was $436.70 million.
Investors should keep an eye on Kimball Electronics’ earnings releases to track the company’s performance. For more information on the company’s earnings calendar, visit their website.
It is important to note that this article was generated by Benzinga’s automated content engine and reviewed by an editor. Benzinga does not provide investment advice.
In conclusion, Kimball Electronics’ Q2 earnings report fell short of expectations, with a 25.0% miss on estimated earnings. The company’s past performance has been mixed, with some quarters exceeding expectations and others falling short. Investors should closely monitor the company’s future earnings releases to assess its financial performance.
