KNOWLES CORPORATION beats earnings and revenue estimates in Q3

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Knowles Corporation ($NYSE:KN) is a leading global supplier of micro-acoustic, audio processing, and precision device solutions. The company posted better-than-expected results for the third quarter ended September 30, 2020, with non-GAAP EPS of $0.25 beating analyst estimates by $0.03. Revenue of $178.2M also beat estimates by $1.3M. Looking ahead to the fourth quarter, the company issued guidance for revenue of $200M-$220M, compared to the consensus estimate of $208.08M, and EPS of $0.31-$0.35, compared to the consensus estimate of $0.35.

Knowles Corporation has a history of strong financial performance, and these latest results continue that trend. The company is well-positioned for continued success in the coming quarters.

Earnings

KNOWLES CORPORATION is a global technology leader that designs, manufactures and sells advanced micro-acoustic, audio processing and precision device solutions. The company’s products are used in a wide range of applications, including mobile phones, hearing aids, gaming devices, digital cameras, automobiles and enterprise solutions. For its fiscal year ending June 30, 2022, KNOWLES CORPORATION reported total revenue of 856.7 million USD, a 1.3% decrease from the previous year.

However, net income for the quarter was 104.5 million USD, a 169.5% decrease from the previous year. The company is confident that it can continue to grow its revenue and profits in the future.

Stock Price

On Thursday, KNOWLES CORPORATION stock opened at $12.9 and closed at $12.8, down by 0.3% from prior closing price of 12.8. Despite this small dip, the company’s earnings and revenue numbers for the third quarter beat analyst expectations. This is good news for KNOWLES CORPORATION, which has seen its stock prices decline steadily over the past year. The company has been working hard to turn things around, and these latest results suggest that its efforts are starting to pay off.

Investors will be closely watching to see if KNOWLES CORPORATION can continue this momentum in the quarters to come. If the company can sustain its recent success, it could be well on its way to recovering its lost ground.

VI Analysis

According to the “VI” app, company fundamentals reflect its long term potential. The app also gives KNOWLES CORPORATION an intermediate health score of 6/10, considering its cashflows and debt. This means that the company might be able to safely ride out any crisis without the risk of bankruptcy. KNOWLES CORPORATION is classified as an “elephant”, a type of company that is rich in assets after deducting off liabilities. This type of company is usually of interest to investors who are looking for stability and dividend income.

However, KNOWLES CORPORATION is weak in terms of dividend growth.

VI Peers

In the mobile phone industry, there is intense competition between Knowles Corp and its competitors AdvanceTC Ltd, Shenzhen CDL Precision Technology Co Ltd, and Sonim Technologies Inc. All four companies are vying for market share in the smartphone market.

– AdvanceTC Ltd ($OTCPK:ATCLF)

AdvanceTC Ltd is a company that provides telecommunications and IT services. It has a market cap of 12.16M as of 2022 and a return on equity of 271.78%. The company offers a range of services including voice, data, and video communications. It also provides IT services such as cloud computing, data storage, and security.

– Shenzhen CDL Precision Technology Co Ltd ($SZSE:300686)

Shenzhen CDL Precision Technology Co Ltd is a precision technology company that specializes in the design and manufacture of high precision components and assemblies for the automotive, aerospace, and other industries. The company has a market cap of 3.26B as of 2022 and a return on equity of 0.17%.

– Sonim Technologies Inc ($NASDAQ:SONM)

Sonim Technologies Inc is a provider of ultra-rugged mobile phones and services designed for use in hazardous environments. The company has a market cap of 16.64M as of 2022 and a return on equity of -234.74%. Sonim’s products are used by a variety of industries, including construction, utilities, oil and gas, public safety, and manufacturing.

Summary

If you’re looking for a beat-and-raise quarter, Knowles Corporation delivered. Knowles is a global leader in micro-acoustic and audio processing solutions. The company’s products are used in a variety of applications, including mobile devices, hearing aids, and other consumer electronics. The company’s strong performance in the third quarter was driven by solid demand for its products across all major markets.

Looking ahead, Knowles expects to continue to benefit from strong demand for its products. The company is benefiting from strong demand for its products and is expanding its addressable market with new products. Given these factors, Knowles is an attractive investment at current levels.