Kornit Digital Ltd expected to post a loss of 21 cents a share - Earnings Preview

Kornit Digital

07/08/2023 19:10

* Kornit Digital Ltd  KRNT.OQ   KRNT.O  is expected to show
a fall
in quarterly revenue when it reports  results on August 9. 
    * The Rosh Ha'ayin Israel-based   company is expected to
report  a
2.4% decrease in revenue to $56.752 million from $58.14 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on May 10 2023,
for the period ended June 30, was for revenue between $54.00
million and $59.00 million.
    * ​Refinitiv's mean analyst estimate for Kornit Digital Ltd
is for
a loss of 21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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 $29.5​, above​ its last closing price of $28.88. ​​​

The company's guidance on May 10 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 54 million and -11.21 million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.28       -0.28      -0.27     Beat    3
 Dec. 31 2023  -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
 ​​Mar.        0.15        0.15       0.16      Beat    5.6
 31 2022                                                
 Dec. 31 2021  0.26        0.24       0.29      Beat    18.6​
 Sep. 30 2021  0.25        0.24       0.40      Beat    66.1
 Jun. 30 2021  0.22        0.22       0.35      Beat    61.6
 This summary was machine generated August 7 at 18:10 GMT.  All
figures in US dollars  unless otherwise stated