Kornit Digital (KRNT) Scheduled to Post Quarterly Earnings on Wednesday

Posted by Stuart Ham on May 1st, 2024

Kornit Digital (NASDAQ:KRNT – Get Free Report) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Kornit Digital has set its Q1 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Kornit Digital (NASDAQ:KRNT – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.08. The business had revenue of $56.59 million for the quarter, compared to analysts’ expectations of $57.35 million. Kornit Digital had a negative net margin of 29.28% and a negative return on equity of 5.05%. On average, analysts expect Kornit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Kornit Digital Stock Down 2.5 %

NASDAQ:KRNT opened at $15.41 on Wednesday. The stock has a market cap of $735.67 million, a P/E ratio of -11.67 and a beta of 1.89. The firm’s fifty day simple moving average is $17.18 and its 200 day simple moving average is $17.29. Kornit Digital has a twelve month low of $13.29 and a twelve month high of $31.94.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a report on Saturday.

Read Our Latest Analysis on Kornit Digital

Kornit Digital Company Profile

(Get Free Report)

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.