Brokerages Expect Kornit Digital Ltd (KRNT) to Announce $0.06 Earnings Per Share
Wall Street brokerages forecast that Kornit Digital Ltd (NASDAQ:KRNT) will post earnings of $0.06 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kornit Digital’s earnings, with estimates ranging from $0.05 to $0.06. Kornit Digital posted earnings per share of $0.16 in the same quarter last year, which would suggest a negative year over year growth rate of 62.5%. The firm is scheduled to issue its next earnings results on Tuesday, February 13th.
According to Zacks, analysts expect that Kornit Digital will report full-year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.21. For the next year, analysts anticipate that the business will post earnings of $0.49 per share, with EPS estimates ranging from $0.45 to $0.53. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Kornit Digital.
A number of brokerages have issued reports on KRNT. Barclays decreased their target price on shares of Kornit Digital from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, September 27th. Needham & Company LLC decreased their target price on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, September 27th. Canaccord Genuity reissued a “buy” rating and set a $18.00 target price (down previously from $24.00) on shares of Kornit Digital in a research note on Wednesday, September 27th. Stifel Nicolaus decreased their target price on shares of Kornit Digital from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, September 27th. Finally, Citigroup lowered shares of Kornit Digital from a “buy” rating to a “neutral” rating and decreased their target price for the company from $21.50 to $14.00 in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Kornit Digital currently has a consensus rating of “Hold” and an average price target of $18.67.
Shares of Kornit Digital (NASDAQ:KRNT) opened at $15.75 on Tuesday. The stock has a market cap of $538.07, a price-to-earnings ratio of 79.75, a price-to-earnings-growth ratio of 4.60 and a beta of 0.18. Kornit Digital has a 52 week low of $12.05 and a 52 week high of $23.15.
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Kornit Digital Company Profile
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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