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

Kornit Digital

10/08/2022 14:32

* Kornit Digital Ltd  KRNT.OQ  reported a quarterly adjusted
loss
of 31 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for a loss
of 32 cents per share.
    * Revenue fell 34.2% to $58.14 million from a year ago;
analysts
expected $62.27 million. 
    * Kornit Digital Ltd's reported EPS for the quarter was a
loss
of 39 cents​.
    * The mean earnings estimate of analysts had fallen by
about 261.2% 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 fallen by 6.4% this
quarter and
lost 80.5% so far this year.
    * The company reported quarterly net income of $19.48
million.
    * Wall Street's median 12-month price target for Kornit
Digital
Ltd is $46.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 10
at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.32          -0.31          Beat
 Mar. 31 2022      0.15           0.16           Beat
 Dec. 31 2021      0.24           0.29           Beat
 Sep. 30 2021      0.24           0.40           Beat