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

Kornit Digital

14/02/2024 18:06

* Kornit Digital Ltd  KRNT.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -13 cents.  The mean expectation of
six analysts for the quarter was for a loss of one cent per
share. Wall Street expected results to range from -2 cents
tozero cents per share.
    * Revenue fell 10.6% to $56.59 million from a year ago;
analysts
expected $57.51 million. 
    * Kornit Digital Ltd's reported EPS for the quarter was a
loss
of 48 cents​.
    * The company reported a quarterly loss of $22.93 million.
    * Kornit Digital Ltd shares had fallen by 10.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Kornit Digital
Ltd is $24.00 
This summary was machine generated from LSEG data February 14 at
06:05 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.01          0.08           Beat
 Sep. 30 2023      -0.08          -0.07          Beat
 Jun. 30 2023      -0.21          -0.15          Beat
 Mar. 31 2023      -0.28          -0.27          Beat