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

Kornit Digital

05/08/2024 16:03

* Kornit Digital Ltd  KRNT.OQ   KRNT.O  is expected to show
a fall
in quarterly revenue when it reports  results on August 7 for
the period ending June 30 2024
    * The Rosh Ha'ayin Israel-based   company is expected to
report a
12.2% decrease in revenue to $49.322 million from $56.2 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on May 8 2024, for the
period ended June 30, was for revenue between $47.00 million and
$52.00 million.
    * ​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 $23.00​, above​ its last closing price of $14.71. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 47 million and 0 (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.13       -0.13      -0.11     Beat    15.4
 Dec. 31 2024  -0.01       -0.01      0.08      Beat    816.2
 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.        -0.28       -0.28      -0.27     Beat    3
 31 2023                                                
 Jan. 1 0001   -0.10       -0.10      -0.13     Missed  -32.7​
 Sep. 30 2022  -0.14       -0.15      -0.21     Missed  -43.6
 Jun. 30 2022  -0.31       -0.32      -0.31     Beat    1.9
 This summary was machine generated August 5 at 15:03 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)