Kornit Digital (KRNT) Scheduled to Post Quarterly Earnings on Wednesday

Kornit Digital (NASDAQ:KRNT) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Kornit Digital has set its Q3 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. Kornit Digital had a negative net margin of 23.63% and a negative return on equity of 3.22%. The firm had revenue of $48.62 million during the quarter, compared to analysts’ expectations of $50.24 million. During the same quarter in the prior year, the firm earned ($0.28) EPS. Kornit Digital’s quarterly revenue was down 13.5% on a year-over-year basis. On average, analysts expect Kornit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Kornit Digital Trading Down 1.0 %

NASDAQ KRNT opened at $24.74 on Wednesday. Kornit Digital has a 52 week low of $13.36 and a 52 week high of $26.64. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -20.28 and a beta of 1.92. The company has a 50-day moving average price of $22.73 and a two-hundred day moving average price of $17.97.

Wall Street Analysts Forecast Growth

KRNT has been the subject of several recent analyst reports. Barclays upped their target price on shares of Kornit Digital from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 price objective on shares of Kornit Digital in a report on Thursday, September 12th. Morgan Stanley increased their price objective on shares of Kornit Digital from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Craig Hallum increased their price objective on shares of Kornit Digital from $23.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, StockNews.com upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.50.

Kornit Digital Company Profile

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.