KORE Group Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• KORE Group Holdings Inc KORE.N reported a quarterly adjusted loss of 64 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -80 cents. The mean expectation of two analysts for the quarter was for a loss of 59 cents per share.

• Revenue fell 5% to $72.14 million from a year ago; analysts expected $69.80 million.

• KORE Group Holdings Inc's reported EPS for the quarter was a loss of 71 cents​.

• The company reported a quarterly loss of $13.8 million.

• KORE Group Holdings Inc shares had fallen by 15.0% this quarter and lost 34.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for KORE Group Holdings Inc is $6.00

This summary was machine generated from LSEG data May 16 at 09:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)