Kimball Electronics, Inc. (NASDAQ:KE) is set to announce first quarter earning results on Tuesday 3rd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, KE to report 1Q21 income of $ 0.33 per share from revenue of $ 313.60 million.
For the full year, analysts anticipate top line of $ 1297.80 million, while looking forward to income of $ 1.36 per share bottom line.
Previous Quarter Performance
Kimball Electronics, Inc. came out with income for the fourth quarter of $ 0.34 per share, from the revenue of $ 286.16 million. The quarterly revenues shrunk 10.19 percent compared with the same quarter last year. The consensus estimates are income of $ 0.20 per share from $ 275.20 million in revenue. The bottom line results beat street analysts by $ 0.14 or 70.00 percent, at the same time, top line results outshined analysts by $ 10.96 million or 3.98 percent.
Stock Performance
Shares of Kimball Electronics, Inc. traded up $ 0.53 or 4.37 percent on Monday, reaching $ 12.65 with volume of 675.80 thousand shares. Kimball Electronics, Inc. has traded high as $ 15.87 and has cracked $ 12.31 on the downward trend
The closing price of $ 12.65, representing a 23.93 % increase from the 52 week low of $ 9.78 and a 34.45 % decrease over the 52 week high of $ 18.49.
The company has a market capital of $ 318.06 million and is part of the Technology sector and Electronic Components industry.
Kimball Electronics, Inc., a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The companys engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services. Its manufacturing services also comprise industrialization and automation of manufacturing processes; reliability testing, including testing of products under a series of environmental conditions; production and testing of printed circuit board assemblies; assembly, production, and packaging of medical disposables and other non-electronic products; design engineering and manufacturing of automation equipment, test and inspection equipment, and precision molded plastics; software design services; and product life cycle management services.
