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

Kornit Digital

10/05/2023 14:32

* Kornit Digital Ltd  KRNT.OQ  reported a quarterly adjusted
loss
of 27 cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 28
cents per share.
    * Revenue fell 47.7% to $47.78 million from a year ago;
analysts
expected $48.00 million. 
    * Kornit Digital Ltd's reported EPS for the quarter was a
loss
of 38 cents​.
    * The mean earnings estimate of analysts had fallen by
about 113.7% 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 6.6% this
quarter and
lost 21.3% so far this year.
    * The company reported a quarterly loss of $18.93 million.
    * Wall Street's median 12-month price target for Kornit
Digital
Ltd is $30.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.28          -0.27          Beat
 Dec. 31 2022      -0.10          -0.13          Missed
 Sep. 30 2022      -0.15          -0.21          Missed
 Jun. 30 2022      -0.32          -0.31          Beat