Kimball Electronics Inc reports results for the quarter ended June 30 - Earnings Summary

• Kimball Electronics Inc KE.OQ reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of four analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 9 cents to 22 cents per share.

• Revenue fell 11.6% to $380.47 million from a year ago; analysts expected $333.19 million.

• Kimball Electronics Inc's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of $6.58 million.

• Kimball Electronics Inc shares had risen by 8.3% this quarter and gained 11.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 20.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Kimball Electronics Inc is $21.50, about 3.1% above its last closing price of $20.83

This summary was machine generated from LSEG data August 13 at 09:40 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)