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

Kornit Digital

07/08/2024 14:53

* Kornit Digital Ltd  KRNT.OQ  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -15 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 13.5% to $48.62 million from a year ago;
analysts
expected $49.32 million. 
    * Kornit Digital Ltd's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $4.91 million.
    * Kornit Digital Ltd shares had fallen by 2.3% this
quarter and
lost 25.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.5%
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 $23.00 
This summary was machine generated from LSEG data August 7 at
01:53 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
 Jun. 30 2024      -0.01          0.02           Beat
 Mar. 31 2024      -0.13          -0.11          Beat
 Dec. 31 2023      -0.01          0.08           Beat
 Sep. 30 2023      -0.08          -0.07          Beat