Equities research analysts expect that Kornit Digital Ltd (NASDAQ:KRNT) will post $29.55 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kornit Digital’s earnings. The lowest sales estimate is $29.50 million and the highest is $29.60 million. Kornit Digital reported sales of $27.10 million in the same quarter last year, which indicates a positive year over year growth rate of 9%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Kornit Digital will report full year sales of $29.55 million for the current financial year, with estimates ranging from $149.50 million to $156.40 million. For the next fiscal year, analysts expect that the business will report sales of $190.22 million per share, with estimates ranging from $180.00 million to $197.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Kornit Digital.
Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Tuesday, February 13th. The industrial products company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Kornit Digital had a positive return on equity of 1.68% and a negative net margin of 1.77%. The company had revenue of $29.95 million during the quarter, compared to analysts’ expectations of $30.51 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KRNT. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Kornit Digital in the 4th quarter worth $103,000. Wells Fargo & Company MN increased its position in Kornit Digital by 973.6% during the 4th quarter. Wells Fargo & Company MN now owns 8,546 shares of the industrial products company’s stock valued at $138,000 after buying an additional 7,750 shares in the last quarter. Citadel Advisors LLC acquired a new position in Kornit Digital during the 4th quarter valued at about $186,000. Winslow Evans & Crocker Inc. increased its position in Kornit Digital by 147.9% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 14,876 shares of the industrial products company’s stock valued at $240,000 after buying an additional 8,876 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new position in Kornit Digital during the 3rd quarter valued at about $246,000. 86.44% of the stock is owned by hedge funds and other institutional investors.
Kornit Digital (KRNT) traded up $0.10 on Tuesday, reaching $13.60. The company had a trading volume of 232,297 shares, compared to its average volume of 389,620. Kornit Digital has a one year low of $11.70 and a one year high of $23.15. The stock has a market cap of $458.77 and a PE ratio of -1,360.00.
Kornit Digital Company Profile
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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