Kornit Digital Ltd expected to post a loss of 13 cents a share - Earnings Preview

Kornit Digital

06/05/2024 17:08

* Kornit Digital Ltd  KRNT.OQ   KRNT.O  is expected to show
a fall
in quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Rosh Ha'ayin Israel-based   company is expected to
report a
5.5% decrease in revenue to $45.166 million from $47.78 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on February 14 2024,
for the period ended March 31, was for revenue between $43.00
million and $48.00 million.
    * ​LSEG's mean analyst estimate for Kornit Digital Ltd is
for a
loss of 13 cents 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 $25.00​, above​ its last closing price of $16.00. ​​​

The company's guidance on February 14 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 43 million and -7.68 million (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  
 Dec. 31 2023  -0.01       -0.01      0.08      Beat    816.2
 Sep. 30 2023  -0.08       -0.08      -0.07     Beat    8.7
 Jan. 1 0001   -0.21       -0.21      -0.15     Beat    29.7​
 Mar. 31 2023  -0.28       -0.28      -0.27     Beat    3
 ​​Dec.        -0.10       -0.10      -0.13     Missed  -32.7
 31 2022                                                
 Sep. 30 2022  -0.14       -0.15      -0.21     Missed  -43.6​
 Jun. 30 2022  -0.31       -0.32      -0.31     Beat    1.9
 Jan. 1 0001   0.15        0.15       0.16      Beat    5.6
 This summary was machine generated May 6 at 16:08 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)