Kornit Digital Ltd expected to post a loss of 28 cents a share - Earnings Preview

Kornit Digital

08/05/2023 15:39

* Kornit Digital Ltd  KRNT.OQ   KRNT.O  is expected to show
a fall
in quarterly revenue when it reports  results on May 10. 
    * The Rosh Ha'ayin Israel-based   company is expected to
report  a
47.4% decrease in revenue to $48 million from $91.3 million a
year ago, according to the estimate from one analyst, based on
Refinitiv data. The company's guidance on February 15 2023, for
the period ended March 31, was for revenue between $47.00
million and $52.00 million.
    * ​Refinitiv's mean analyst estimate for Kornit Digital Ltd
is for
a loss of 28 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 $30.5​, above​ its last closing price of $18.24. ​​​

The company's guidance on February 15 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 47 million and -14.04 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  
 Dec. 31 2022  -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. 31 2022  0.15        0.15       0.16      Beat    5.6
 ​​Dec.        0.26        0.24       0.29      Beat    18.6
 31 2021                                                
 Sep. 30 2021  0.25        0.24       0.40      Beat    66.1​
 Jun. 30 2021  0.22        0.22       0.35      Beat    61.6
 Mar. 31 2021  0.13        0.13       0.23      Beat    80.2
 This summary was machine generated May 8 at 14:39 GMT.  All
figures in US dollars  unless otherwise stated