KODK Earnings Prediction
The chart below shows how KODK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KODK sees a +0.01% change in stock price 10 days leading up to the earnings, and a +0.65% change 10 days following the report. On the earnings day itself, the stock moves by -2.17%. This data can give you a slight idea of what to expect for the next quarter's release.
KODK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
261.00M
-2.97%
-2.25%
Gross Margin
17.24%
-7.26%
-20.63%
Operating Margin
-2.68%
-279.87%
-339.29%
Net Margin
6.90%
832.43%
-29.16%
EPS
0.15
--
-34.78%
No Data Available
KODK Earnings Analysis
EASTMAN KODAK COMPANY Corporation (KODK.N) Earnings Conference Call
Positive
Net Income Surge: 1. Net Income Growth: Kodak reported a net income of $18 million for Q3 2024, a significant increase of $16 million compared to $2 million in Q3 2023.
Revenue Decline Slows: 2. Revenue Stability: The revenue decline has notably slowed, with Q3 2024 revenues at $261 million, only a $8 million decrease from $269 million in Q3 2023, reflecting improved operational focus.
Gross Profit Resilience: 3. Gross Profit Margin: Despite challenges, Kodak maintained a gross profit margin of 17% in Q3 2024, demonstrating resilience in profitability amidst market pressures.
Strong Liquidity Position: 4. Cash Position: Kodak ended Q3 2024 with $214 million in cash and cash equivalents, indicating a strong liquidity position to support ongoing investments and operations.
Tariff Ruling Advantage: 5. Positive Tariff Ruling: Kodak received an affirmative decision from the ITC on plates tariffs, providing a competitive advantage with potential tariff ranges from 91.83% to 353.09%, enhancing market positioning.
Negative
Revenue Decline Analysis: Revenue decreased by $8 million or 3% year-over-year, from $269 million in Q3 2023 to $261 million in Q3 2024.
Gross Profit Decline: Gross profit decreased by $5 million or 10% year-over-year, with gross profit percentage dropping from 19% in Q3 2023 to 17% in Q3 2024.
EBITDA Decline Analysis: Operational EBITDA fell to $1 million in Q3 2024, down from $12 million in Q3 2023, reflecting a decline of $11 million.
Revenue Decline Analysis: For the nine months ending September 30, 2024, revenue declined by $65 million or 8% compared to the prior year period, from $842 million to $777 million.
Operating Cash Flow Analysis: Cash used in operating activities was $11 million for the nine months ending September 30, 2024, primarily driven by a use of cash from net earnings of $25 million.
KODK FAQs
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KODK Earning Call Sentiment
Eastman Kodak Company (KODK) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
KODK.N
4.19%Positive
The earnings call presents a mixed picture. While Kodak's net income improved significantly, revenue and gross profit margins declined, raising concerns. Operational efficiency and innovation investments are positive, but cash flow and increased costs pose risks. Lack of shareholder return plans and unclear management responses in the Q&A add uncertainty. Considering these factors, the stock price is likely to remain stable, resulting in a neutral prediction.
