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Knowles Third Quarter 2022 Earnings: EPS Beats Expectations

Knowles (NYSE:KN) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$178.2m (down 24% from 3Q 2021).

  • Net income: US$2.70m (down 90% from 3Q 2021).

  • Profit margin: 1.5% (down from 12% in 3Q 2021).

  • EPS: US$0.03 (down from US$0.30 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Knowles EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 2.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Knowles' balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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