Kimball Electronics is a prominent manufacturing services company that specializes in providing comprehensive electronic manufacturing solutions, including engineering, design, and supply chain management
The company caters to various industries, such as medical, automotive, industrial, and commercial sectors, emphasizing quality and innovation in its offerings. By leveraging advanced technologies and a skilled workforce, Kimball Electronics delivers customized products and services that meet the diverse needs of its clients, fostering long-term partnerships and contributing to successful outcomes in their respective markets.
Over the past six months, Kimball Electronics’s shares (currently trading at $19) have posted a disappointing 11.9% loss, well below the S&P 500’s 7.5% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Kimball Electronics (NASDAQKE) and the best and worst performers in the electrical systems industry.
Global electronics contract manufacturer Kimball Electronics (NYSEKE) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 14.6% year on year to $374.3 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.49 billion at the midpoint. Its GAAP profit of $0.12 per share was 46.7% below analysts’ consensus estimates.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Powell (NASDAQPOWL) and its peers.
Companies Reporting Before The Bell • Kosmos Energy (NYSEKOS) is expected to report quarterly earnings at $0.16 per share on revenue of $366.82 million.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Companies Reporting Before The Bell • NAPCO Security Techs (NASDAQNSSC) is estimated to report quarterly earnings at $0.26 per share on revenue of $43.92 million.
