Kornit Digital Ltd reports results for the quarter ended in December - Earnings Summary

Kornit Digital

15/02/2023 14:32

* Kornit Digital Ltd  KRNT.OQ  reported a quarterly adjusted
loss
of 13 cents​​ per share for the quarter ended in December. The
mean expectation of seven analysts for the quarter was for a
loss of 10 cents per share.
    * Revenue fell 33.6% to $63.30 million from a year ago;
analysts
expected $67.38 million. 
    * Kornit Digital Ltd's reported EPS for the quarter was a
loss
of 71 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Kornit Digital Ltd shares had risen by 15.4% this quarter.
    * The company reported a quarterly loss of $35.36 million.
    * Wall Street's median 12-month price target for Kornit
Digital
Ltd is $35.00 
    * 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." 

This summary was machine generated from Refinitiv data February
15 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.10          -0.13          Missed
 Sep. 30 2022      -0.15          -0.21          Missed
 Jun. 30 2022      -0.32          -0.31          Beat
 Mar. 31 2022      0.15           0.16           Beat