Electronic components manufacturer Knowles (NYSE: KN) will be reporting earnings this Thursday after market hours. Here’s what to expect.
Knowles beat analysts’ revenue expectations last quarter, reporting revenues of $153.1 million, up 15.8% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.
Is Knowles a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Knowles’s revenue to grow 7.6% year on year, in line with the 7.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Knowles has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Knowles’s peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Jabil delivered year-on-year revenue growth of 11.8%, beating analysts’ expectations by 2.3%, and TD SYNNEX reported revenues up 31%, topping estimates by 16.6%. Jabil’s stock price was unchanged following the results.
Read our full analysis of Jabil’s results here and TD SYNNEX’s results here.
There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 5.5% on average over the last month. Knowles is down 13.4% during the same time and is heading into earnings with an average analyst price target of $36.25 (compared to the current share price of $37.06).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
