Kornit Digital (KRNT) Set to Announce Earnings on Wednesday

Kornit Digital (NASDAQ:KRNT) will announce its earnings results 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $48.62 million during the quarter, compared to analysts’ expectations of $50.24 million. Kornit Digital had a negative net margin of 23.63% and a negative return on equity of 3.22%. The business’s revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.28) EPS. 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 0.2 %

Shares of Kornit Digital stock opened at $22.99 on Tuesday. Kornit Digital has a 12-month low of $13.59 and a 12-month high of $26.64. The company has a 50-day simple moving average of $23.08 and a 200 day simple moving average of $18.24.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Craig Hallum lifted their price target on shares of Kornit Digital from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Morgan Stanley lifted their target price on Kornit Digital from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Needham & Company LLC restated a “buy” rating and issued a $27.00 price objective on shares of Kornit Digital in a report on Thursday, September 12th. Finally, Barclays increased their price target on shares of Kornit Digital from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.50.

About Kornit Digital

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.