Kornit Digital (NASDAQ:KRNT - Get Free Report) will 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.Individual that wish to listen to the company's earnings conference call can do so using this link.
Kornit Digital (NASDAQ:KRNT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. Kornit Digital had a negative return on equity of 3.22% and a negative net margin of 23.63%. The firm had revenue of $48.62 million during the quarter, compared to analyst estimates of $50.24 million. The business's quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) 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 Down 4.3 %
NASDAQ KRNT traded down $1.07 during trading on Wednesday, hitting $23.67. 164,981 shares of the stock traded hands, compared to its average volume of 369,243. Kornit Digital has a 12-month low of $13.51 and a 12-month high of $26.64. The firm has a 50-day simple moving average of $22.82 and a 200-day simple moving average of $18.03. The company has a market capitalization of $1.13 billion, a P/E ratio of -20.28 and a beta of 1.92.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on KRNT shares. Needham & Company LLC reiterated a "buy" rating and set a $27.00 price objective on shares of Kornit Digital in a research report on Thursday, September 12th. Craig Hallum boosted their price objective on shares of Kornit Digital from $23.00 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Barclays increased their price objective 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. StockNews.com upgraded Kornit Digital from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Finally, Morgan Stanley increased their target price on Kornit Digital from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Kornit Digital currently has a consensus rating of "Moderate Buy" and an average price target of $26.50.
Check Out Our Latest Stock Report on KRNT
Kornit Digital Company Profile
(
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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.
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