Kornit Digital Ltd expected to post a loss of 10 cents a share - Earnings Preview

Kornit Digital

13/02/2023 14:03

* Kornit Digital Ltd  KRNT.OQ   KRNT.O  is expected to show
a fall
in quarterly revenue when it reports  results on February 15. 
    * The Rosh Ha'ayin Israel-based   company is expected to
report  a
29.4% decrease in revenue to $67.383 million from $95.4 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on November 9
2022, for the period ended December 31, was for revenue between
$66.00 million and $70.00 million.
    * ​Refinitiv's mean analyst estimate for Kornit Digital Ltd
is for
a loss of 10 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"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 $35​, above​ its last closing price of $24.36. ​​​

The company's guidance on November 9 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD-6.6 million and USD-4.2 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.14       -0.15      -0.21     Missed  -43.6
 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
 ​​Sep.        0.25        0.24       0.40      Beat    66.1
 30 2021                                                
 Jun. 30 2021  0.22        0.22       0.35      Beat    61.6​
 Mar. 31 2021  0.13        0.13       0.23      Beat    80.2
 Dec. 31 2020  0.22        0.22       0.24      Beat    9.2
 This summary was machine generated February 13 at 14:03 GMT. 
All figures in US dollars  unless otherwise stated