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

Kornit Digital (NASDAQ:KRNT) released its earnings results on Wednesday. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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

KRNT stock traded down $0.81 during trading on Wednesday, reaching $28.34. 211,061 shares of the company were exchanged, compared to its average volume of 216,072. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -32.18 and a beta of 2.02. The company has a 50-day moving average of $30.72 and a two-hundred day moving average of $25.97. Kornit Digital has a twelve month low of $13.59 and a twelve month high of $34.28.

Analyst Ratings Changes

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

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.