Knowles Q4 Earnings Preview: Revenue Decline Expected Amidst Industry Volatility
Earnings Release: After the market close tomorrow
Analyst Estimates:
* Revenue: $146 million, declining 32.2% year-over-year
* Adjusted EPS: $0.28
Key Metrics:
* Knowles has missed revenue estimates four times in the past two years.
* Industry peers Belden and Corning have reported strong Q4 results, but their stock prices have reacted differently.
* Knowles shares have declined 5.2% over the past month, suggesting cautious investor sentiment ahead of earnings.
Outlook:
* Analysts' revenue estimates have remained relatively unchanged in recent weeks.
* The electronic components segment faces continued volatility, with some companies reporting growth while others struggle.
* Knowles' average analyst price target of $21.75 implies potential upside from current levels.