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

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

Kornit Digital Price Performance

Kornit Digital stock traded up $0.45 during mid-day trading on Thursday, reaching $29.61. 18,684 shares of the company were exchanged, compared to its average volume of 228,650. The company has a fifty day simple moving average of $30.67 and a 200-day simple moving average of $26.06. Kornit Digital has a 12 month low of $13.59 and a 12 month high of $34.28. The firm has a market cap of $1.41 billion, a PE ratio of -33.67 and a beta of 2.02.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Craig Hallum raised their price objective on Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC raised their price objective on Kornit Digital from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Cantor Fitzgerald assumed coverage on Kornit Digital in a report on Tuesday, November 26th. They set an “overweight” rating and a $39.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.