Roth Capital Has Pessimistic View of KORE Group Q1 Earnings

KORE Group Holdings, Inc. (NYSE:KORE) – Stock analysts at Roth Capital dropped their Q1 2025 EPS estimates for KORE Group in a note issued to investors on Thursday, May 1st. Roth Capital analyst S. Searle now forecasts that the company will post earnings per share of ($0.59) for the quarter, down from their previous estimate of ($0.53). The consensus estimate for KORE Group’s current full-year earnings is ($5.47) per share. Roth Capital also issued estimates for KORE Group’s Q2 2025 earnings at ($0.48) EPS, Q3 2025 earnings at ($0.36) EPS, Q4 2025 earnings at ($0.31) EPS and FY2025 earnings at ($1.75) EPS.

Separately, TD Securities increased their target price on shares of KORE Group from $2.50 to $3.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st.

KORE Group Stock Down 3.4 %

NYSE:KORE opened at $2.44 on Monday. The company has a market capitalization of $41.41 million, a P/E ratio of -0.34 and a beta of 1.76. KORE Group has a 52 week low of $1.10 and a 52 week high of $4.88. The stock’s fifty day moving average is $2.46 and its two-hundred day moving average is $2.19.

KORE Group (NYSE:KORE) last released its earnings results on Wednesday, April 30th. The company reported ($1.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.78). KORE Group had a negative return on equity of 492.16% and a negative net margin of 47.33%. The business had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $67.50 million.

Hedge Funds Weigh In On KORE Group

An institutional investor recently bought a new position in KORE Group stock. Vectors Research Management LLC acquired a new stake in KORE Group Holdings, Inc. (NYSE:KORE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 34,430 shares of the company’s stock, valued at approximately $111,000. Vectors Research Management LLC owned approximately 0.20% of KORE Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 57.45% of the company’s stock.

About KORE Group

KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company’s products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.