Kornit Digital (KRNT) Set to Announce Quarterly 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.Parties that wish to listen to 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 analysts’ consensus estimates of ($0.12) by $0.08. Kornit Digital had a negative return on equity of 5.05% and a negative net margin of 29.28%. The business had revenue of $56.59 million during the quarter, compared to the consensus estimate 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 Up 1.4 %

KRNT opened at $16.00 on Monday. Kornit Digital has a twelve month low of $13.29 and a twelve month high of $31.94. The stock has a market capitalization of $763.84 million, a price-to-earnings ratio of -12.12 and a beta of 1.88. The company has a 50-day simple moving average of $17.02 and a 200 day simple moving average of $17.31.

Analyst Upgrades and Downgrades

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

Kornit Digital Company Profile

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.