Analysts Expect Kaleyra (NYSE:KLR) to Post -$0.07 EPS

Brokerages expect Kaleyra (NYSE:KLR) to announce earnings per share of ($0.07) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kaleyra’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.11). Kaleyra reported earnings per share of ($0.10) in the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The business is scheduled to announce its next earnings report on Thursday, August 13th.

On average, analysts expect that Kaleyra will report full year earnings of ($0.29) per share for the current year, with EPS estimates ranging from ($0.60) to $0.02. For the next year, analysts expect that the business will post earnings of $0.21 per share, with EPS estimates ranging from $0.19 to $0.22. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Kaleyra.

Kaleyra (NYSE:KLR) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.38). The business had revenue of $33.63 million during the quarter, compared to analysts’ expectations of $35.07 million.

A number of research analysts have weighed in on KLR shares. National Securities started coverage on Kaleyra in a research note on Tuesday, July 28th. They issued a “buy” rating and a $13.00 price target for the company. Northland Securities started coverage on Kaleyra in a research note on Wednesday, July 8th. They issued a “buy” rating and a $17.00 price target for the company. Craig Hallum decreased their price target on Kaleyra from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. National Alliance Securities initiated coverage on Kaleyra in a research note on Tuesday, July 28th. They set a “buy” rating for the company. Finally, Zacks Investment Research downgraded Kaleyra from a “hold” rating to a “sell” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Kaleyra currently has an average rating of “Buy” and an average price target of $11.83.

KLR stock traded down $0.22 during mid-day trading on Friday, reaching $4.47. The company had a trading volume of 273,429 shares, compared to its average volume of 418,337. The stock has a 50 day simple moving average of $4.87 and a two-hundred day simple moving average of $6.70. The company has a market capitalization of $90.39 million, a price-to-earnings ratio of 18.63 and a beta of -0.06. Kaleyra has a 52 week low of $3.80 and a 52 week high of $11.35.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new stake in Kaleyra in the 1st quarter valued at $31,000. Equitec Specialists LLC bought a new stake in Kaleyra in the 2nd quarter valued at $39,000. Finally, Greenhaven Road Investment Management L.P. bought a new stake in Kaleyra in the 1st quarter valued at $5,110,000. Institutional investors and hedge funds own 24.35% of the company’s stock.

About Kaleyra

Kaleyra, Inc is a global group providing mobile communication services for financial institutions and enterprises. The company trough its proprietary platform, it manages multi-channel integrated communication services on a global scale, comprising of messages, push notifications, e-mail, instant messaging, voice services and chatbots.

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