Brokers Offer Predictions for Kornit Digital FY2025 Earnings

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) - Equities research analysts at Cantor Fitzgerald dropped their FY2025 earnings per share estimates for shares of Kornit Digital in a research note issued on Thursday, August 7th. Cantor Fitzgerald analyst T. Jensen now forecasts that the industrial products company will post earnings of ($0.32) per share for the year, down from their previous forecast 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.

A number of other equities research analysts also recently weighed in on the company. Barclays set a $22.00 price target on Kornit Digital and gave the company an "equal weight" rating in a report on Thursday, August 7th. Needham & Company LLC lowered their price objective on Kornit Digital from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Finally, Morgan Stanley restated an "overweight" rating on shares of Kornit Digital in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kornit Digital has a consensus rating of "Buy" and a consensus target price of $31.40.

Kornit Digital Trading Down 1.6%

KRNT stock traded down $0.24 during midday trading on Monday, hitting $15.23. 97,667 shares of the company's stock were exchanged, compared to its average volume of 301,692. Kornit Digital has a 12-month low of $12.78 and a 12-month high of $34.28. The stock has a market capitalization of $682.15 million, a price-to-earnings ratio of -60.94 and a beta of 1.90. The firm has a 50 day moving average price of $19.70 and a 200-day moving average price of $21.33.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $49.75 million for the quarter, compared to the consensus estimate of $52.07 million. During the same period in the previous year, the business earned $0.02 EPS. Kornit Digital's revenue for the quarter was up 2.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in Kornit Digital by 654.5% during the 4th quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company's stock worth $64,000 after acquiring an additional 1,800 shares during the period. Deutsche Bank AG boosted its position in Kornit Digital by 31.5% during the 4th 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 during the period. Fortitude Family Office LLC acquired a new position in Kornit Digital during the 2nd quarter worth $99,000. BNP Paribas Financial Markets acquired a new stake in shares of Kornit Digital in the fourth quarter valued at $159,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Kornit Digital in the first quarter valued at $101,000. Institutional investors and hedge funds own 92.76% of the company's stock.

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.