Alert: Negative Fundamental Signals (2/26/24)-Kimball Electronics Inc (NASDAQ: KE)

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Kimball Electronics Inc (NASDAQ: KE) has recently experienced extremely significant negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for June, 2025 decreased significantly, and the consensus estimate for June, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, KE is expected to continue to be a modest Value Builder.

Kimball Electronics has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Kimball Electronics has a good Appreciation Score of 73 but a poor Power Rating of 18, and the Low Neutral Value Trend Rating results.

Recent Price Action

Kimball Electronics Inc (NASDAQ: KE) stock rose modestly by 0.7% on 2/26/24. The stock closed at $22.49. NORMAL trading volume accompanied the advance. The stock has risen 3.5% during the last week but has been weak relative to the market over the last nine months.

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