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KT Corporation (KT)
NYSE:KT
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.28Last Year’s EPS
$0.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -0.68%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative developments. While there were notable achievements such as significant operating income growth, strategic partnerships, and improved net debt ratios, the company also faced challenges with declining revenues in several segments. Overall, the sentiment was balanced with both promising initiatives and areas of concern.Company Guidance
In the Q3 2024 earnings call for KT, the company outlined an ambitious growth strategy aimed at transforming into an AICT (Artificial Intelligence and Communication Technology) company, with specific targets for financial performance. Key metrics included a mid-term goal to achieve a consolidated return on equity (ROE) of 9% to 10% by 2028, tripling AI and IT business revenue compared to 2023, and generating a consolidated operating profit margin of 9%. The company plans to liquidate non-core assets and execute a share buyback and cancellation program totaling KRW 1 trillion. For Q3 2024, consolidated revenue was KRW 6,654.6 billion, with a slight year-over-year decrease, while consolidated operating income rose by 44.2% to KRW 464.1 billion, driven by wage negotiation effects and core business profitability improvements. Net income increased by 32.9% to KRW 383.2 billion, and EBITDA grew by 13.4% to KRW 1,428.9 billion. KT also declared a Q3 cash dividend of KRW 500 per share and announced plans to continue shareholder return programs in Q4.Strategic Partnership with Microsoft
KT announced a strategic partnership with Microsoft focusing on AI and cloud cooperation for the next 5 years, including developing a Korean AI cloud service and establishing a company specializing in AX.
Significant Increase in Operating Income
Consolidated and separate operating income increased by 44.2% and 75.1% Y-o-Y, respectively, driven by the base effect from previous wage negotiations and profitability enhancement of core businesses.
Reduction in Operating Expenses
Operating expenses decreased by 2.9% Y-o-Y due to reductions in labor costs, SG&A, and cost of service.
Strong Profitability in Core Businesses
Profitability in B2B segments showed strong growth, with a 2.5% Y-o-Y increase in B2B service revenue and double-digit growth in AICC.
Debt Ratio Improvement
The net debt ratio decreased by 8.2 percentage points Y-o-Y to 30.3%.
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KT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $16.18 | $14.95 | -7.60% |
| Aug 14, 2024 | $14.20 | $14.14 | -0.42% |
| May 10, 2024 | $13.12 | $13.11 | -0.08% |
| Feb 08, 2024 | $14.24 | $13.96 | -1.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KT Corporation (KT) report earnings?
KT Corporation (KT) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is KT Corporation (KT) earnings time?
KT Corporation (KT) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KT EPS forecast?
KT EPS forecast for the fiscal quarter 2024 (Q4) is $0.28.
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