Kornit Digital (KRNT) to Release Earnings on Wednesday

Kornit Digital (NASDAQ:KRNT) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Kornit Digital to post earnings of ($0.12) per share for the quarter. Kornit Digital has set its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings results on Wednesday, February 14th. The industrial products company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.08. Kornit Digital had a negative net margin of 29.28% and a negative return on equity of 5.05%. The business had revenue of $56.59 million during the quarter, compared to analyst estimates of $57.35 million. 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 Performance

NASDAQ KRNT opened at $16.00 on Monday. The company has a market cap of $763.84 million, a PE ratio of -12.12 and a beta of 1.88. The firm’s 50 day moving average price is $17.02 and its 200-day moving average price is $17.31. Kornit Digital has a 52-week low of $13.29 and a 52-week high of $31.94.

Analyst Ratings Changes

Separately, StockNews.com cut Kornit Digital from a “hold” rating to a “sell” rating in a research report on Sunday.

About Kornit Digital

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.