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

Kornit Digital (NASDAQ:KRNT - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $60.59 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. The company had revenue of $50.73 million for the quarter, compared to analyst estimates of $50.44 million. Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%. The firm's quarterly revenue was down 14.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.17) earnings per share. 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 Stock Performance

Shares of NASDAQ KRNT traded down $0.42 during trading hours on Friday, reaching $28.97. 152,767 shares of the stock were exchanged, compared to its average volume of 216,622. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -32.92 and a beta of 2.02. Kornit Digital has a 52 week low of $13.59 and a 52 week high of $34.28. The stock's fifty day simple moving average is $30.76 and its 200 day simple moving average is $25.72.

Analyst Upgrades and Downgrades

KRNT has been the topic of a number of recent research reports. Needham & Company LLC raised their price objective on Kornit Digital from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Cantor Fitzgerald began coverage on Kornit Digital in a report on Tuesday, November 26th. They issued an "overweight" rating and a $39.00 target price on the stock. Craig Hallum raised their target price on Kornit Digital from $27.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Morgan Stanley raised their target price on Kornit Digital from $33.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.40.

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.