Kornit Digital Ltd expected to post earnings of 7 cents a share - Earnings Preview

Kornit Digital

04/11/2024 15:43

* Kornit Digital Ltd  KRNT.OQ   KRNT.O  is expected to show
a fall
in quarterly revenue when it reports  results on November 6 for
the period ending September 30 2024
    * The Rosh Ha'ayin Israel-based   company is expected to
report a
14.8% decrease in revenue to $50.468 million from $59.22 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on August 7 2024, for
the period ended September 30, was for revenue between $48.00
million and $52.00 million.
    * ​LSEG's mean analyst estimate for Kornit Digital Ltd is
for
earnings of 7 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 26.00​, above​ its last closing price of $23.03. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD48 million and
USD3.12 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.01       -0.01      0.02      Beat    303.5
 Mar. 31 2024  -0.13       -0.13      -0.11     Beat    15.4
 Dec. 31 2023  -0.01       -0.01      0.08      Beat    816.2​
 Sep. 30 2023  -0.08       -0.08      -0.07     Beat    8.7
 ​​Jun.        -0.21       -0.21      -0.15     Beat    29.7
 30 2023                                                
 Mar. 31 2023  -0.28       -0.28      -0.27     Beat    3​
 Dec. 31 2022  -0.10       -0.10      -0.13     Missed  -32.7
 Sep. 30 2022  -0.14       -0.15      -0.21     Missed  -43.6
 This summary was machine generated November 4 at 15:42 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)