Kornit Digital FY2025 EPS Forecast Cut by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has revised its FY2025 EPS forecast for Kornit Digital down to ($0.32), from a previous estimate of ($0.27).
• Kornit Digital reported an EPS of $0.03 for the last quarter, exceeding expectations, but had a revenue of $49.75 million, below the consensus estimate of $52.07 million.
• The company currently holds a consensus rating of "Buy" and a target price of $31.40 from analysts, despite the recent earnings estimate cuts.

Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) - Investment analysts at Cantor Fitzgerald dropped their FY2025 earnings per share (EPS) estimates for shares of Kornit Digital in a research report issued to clients and investors on Thursday, August 7th. Cantor Fitzgerald analyst T. Jensen now expects that the industrial products company will earn ($0.32) per share for the year, down from their prior estimate of ($0.27). The consensus estimate for Kornit Digital's current full-year earnings is ($0.20) per share. Cantor Fitzgerald also issued estimates for Kornit Digital's FY2026 earnings at ($0.43) EPS.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Kornit Digital had a negative return on equity of 0.74% and a negative net margin of 5.43%. The firm had revenue of $49.75 million for the quarter, compared to the consensus estimate of $52.07 million. During the same quarter in the prior year, the business earned $0.02 EPS. The business's revenue for the quarter was up 2.5% on a year-over-year basis.

A number of other research analysts also recently weighed in on the company. Morgan Stanley reiterated an "overweight" rating on shares of Kornit Digital in a report on Thursday, May 15th. Barclays set a $22.00 target price on Kornit Digital and gave the company an "equal weight" rating in a research note on Thursday. Finally, Needham & Company LLC cut their target price on Kornit Digital from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $31.40.

Kornit Digital Stock Performance

KRNT stock opened at $15.09 on Monday. Kornit Digital has a fifty-two week low of $12.78 and a fifty-two week high of $34.28. The business's 50 day moving average price is $20.17 and its two-hundred day moving average price is $21.53. The company has a market capitalization of $675.88 million, a price-to-earnings ratio of -60.36 and a beta of 1.90.

Hedge Funds Weigh In On Kornit Digital

A number of institutional investors and hedge funds have recently modified their holdings of KRNT. Russell Investments Group Ltd. raised its holdings in Kornit Digital by 654.5% in the 4th quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company's stock worth $64,000 after purchasing an additional 1,800 shares during the period. Fortitude Family Office LLC purchased a new position in Kornit Digital in the second quarter worth about $99,000. Headlands Technologies LLC purchased a new position in Kornit Digital in the first quarter worth about $101,000. Deutsche Bank AG grew its position in Kornit Digital by 31.5% in the fourth quarter. Deutsche Bank AG now owns 4,770 shares of the industrial products company's stock worth $148,000 after acquiring an additional 1,143 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Kornit Digital in the fourth quarter worth about $159,000. 92.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

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