Kornit Digital Ltd expected to post a loss of 1 cent a share - Earnings Preview

Kornit Digital

12/02/2024 14:45

* Kornit Digital Ltd  KRNT.OQ   KRNT.O  is expected to show
a fall
in quarterly revenue when it reports  results on February 14 for
the period ending December 31 2023
    * The Rosh Ha'ayin Israel-based   company is expected to
report a
9.1% decrease in revenue to $57.508 million from $63.3 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.The company's guidance on November 8 2023, for the
period ended December 31, was for revenue between $55.00 million
and $60.00 million. (Majority Sales is Total revenues basis)
    * ​LSEG's mean analyst estimate for Kornit Digital Ltd is
for a
loss of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Kornit
Digital
Ltd is $24.00​, above​ its last closing price of $17.80. ​​​

The company's guidance on November 8 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD0.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.08       -0.08      -0.07     Beat    8.7
 Jun. 30 2023  -0.21       -0.21      -0.15     Beat    29.7
 Mar. 31 2023  -0.28       -0.28      -0.27     Beat    3​
 Dec. 31 2022  -0.10       -0.10      -0.13     Missed  -32.7
 ​​Sep.        -0.14       -0.15      -0.21     Missed  -43.6
 30 2022                                                
 Jun. 30 2022  -0.31       -0.32      -0.31     Beat    1.9​
 Mar. 31 2022  0.15        0.15       0.16      Beat    5.6
 Dec. 31 2021  0.26        0.24       0.29      Beat    18.6
 This summary was machine generated February 12 at 14:45 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)