Kornit Digital (NASDAQ:KRNT) Issues Earnings Results, Misses Expectations By $0.14 EPS

Kornit Digital (NASDAQ:KRNT) released 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 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 Trading Down 5.1 %

NASDAQ KRNT traded down $1.50 on Friday, hitting $27.66. 68,882 shares of the company’s stock traded hands, compared to its average volume of 236,178. The firm’s 50-day moving average price is $30.62 and its two-hundred day moving average price is $26.08. The firm has a market capitalization of $1.31 billion, a PE ratio of -31.53 and a beta of 2.02. Kornit Digital has a 1-year low of $13.59 and a 1-year high of $34.28.

Analysts Set New Price Targets

KRNT has been the topic of a number of analyst reports. Needham & Company LLC lifted their price target on Kornit Digital from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday. Craig Hallum lifted their target price on Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $39.00 price target on shares of Kornit Digital in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Kornit Digital 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.