Knowles (KN) Reports Earnings Tomorrow: What To Expect

Knowles Corporation (NYSE:KN), a manufacturer of electronic components, is set to release its earnings report this Thursday after the market closes. Investors and analysts are keenly watching to see how the company performs.

In the previous quarter, Knowles exceeded analysts' expectations for revenue, recording $166.8 million in sales, which represents a 14.3% increase compared to the same period last year. The company also surpassed earnings per share (EPS) projections for the upcoming quarter, along with revenue guidance that was more optimistic than market forecasts.

As Knowles approaches its earnings announcement, questions arise about whether it is a worthwhile investment. A detailed analysis is available for active Edge members, providing insights into the company's performance and potential.

This quarter, analysts predict that Knowles will see a revenue growth of 12.6% year-on-year, an improvement from the 7.3% increase recorded in the same quarter of the previous year. Over the past month, analysts have largely maintained their forecasts for the company, indicating confidence that Knowles will meet expectations when it reports earnings. Historically, the company has a strong track record of aligning with Wall Street's revenue predictions.

Examining the broader tech hardware and electronics sector, some of Knowles's competitors have already released their third-quarter results, providing a glimpse into potential outcomes for Knowles. Jabil, for instance, reported a year-on-year revenue growth of 28.6%, surpassing analysts' expectations by 9.8%. Similarly, TD SYNNEX saw a revenue increase of 37.7%, exceeding estimates by 13.5%. However, despite their strong results, Jabil's stock declined by 6%, while TD SYNNEX's shares fell by 8.6% following their announcements.

In general, investors within the tech hardware and electronics sector have exhibited cautious behavior leading up to earnings reports, with average share prices dropping by 1% over the last month. During this same period, Knowles's stock has decreased by 4.7%. Currently, analysts have set an average price target of $43.75 for Knowles, compared to its current trading price of $34.32.

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