Kornit Digital (NASDAQ:KRNT) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Kornit Digital (NASDAQ:KRNT) announced its earnings results on Wednesday. The industrial products company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.14), Zacks reports. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. Kornit Digital updated its Q1 2025 guidance to EPS.

Kornit Digital Price Performance

Kornit Digital stock traded down $0.64 during midday trading on Wednesday, reaching $28.51. The company’s stock had a trading volume of 145,710 shares, compared to its average volume of 212,281. The stock’s 50-day simple moving average is $30.72 and its 200-day simple moving average is $25.97. Kornit Digital has a 52-week low of $13.59 and a 52-week high of $34.28. The stock has a market capitalization of $1.36 billion, a P/E ratio of -32.45 and a beta of 2.02.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KRNT shares. Needham & Company LLC lifted their price objective on shares of Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Morgan Stanley upped their price target on shares of Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Cantor Fitzgerald initiated coverage on shares of Kornit Digital in a research report on Tuesday, November 26th. They issued an “overweight” rating and a $39.00 price objective on the stock. Finally, Craig Hallum lifted their price target on shares of Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.40.

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.