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

Kornit Digital

09/11/2022 14:32

* Kornit Digital Ltd  KRNT.OQ  reported a quarterly adjusted
loss
of 10 cents​​ per share for the quarter ended in September. The
mean expectation of six analysts for the quarter was for a loss
of 15 cents per share.
    * Revenue fell 23.5% to $72.40 million from a year ago;
analysts
expected $68.52 million. 
    * Kornit Digital Ltd's reported EPS for the quarter was a
loss
of 38 cents​.
    * The mean earnings estimate of analysts had risen by
about 15.7%
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 14.5% this
quarter and
lost 85.1% so far this year.
    * The company reported a quarterly loss of $19.03 million.
    * Wall Street's median 12-month price target for Kornit
Digital
Ltd is $47.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
9 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.15          -0.10          Beat
 Jun. 30 2022      -0.32          -0.22          Beat
 Mar. 31 2022      0.15           0.16           Beat
 Dec. 31 2021      0.24           0.29           Beat