Kornit Digital (KRNT) Set to Announce Quarterly Earnings on Wednesday

Kornit Digital (NASDAQ:KRNT) will issue 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.Persons interested in listening to the company’s earnings conference call can do so using this link.

Kornit Digital (NASDAQ:KRNT) last issued 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. The company had revenue of $48.62 million for the quarter, compared to the consensus estimate of $50.24 million. Kornit Digital had a negative net margin of 23.63% and a negative return on equity of 3.22%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($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 Trading Down 0.2 %

Kornit Digital stock opened at $22.99 on Tuesday. Kornit Digital has a 1-year low of $13.59 and a 1-year high of $26.64. The firm has a 50-day moving average of $23.08 and a 200-day moving average of $18.24.

Wall Street Analyst Weigh In

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