Kornit Digital Ltd. (NASDAQ:KRNT) is reporting third quarter financial results on Tuesday 10th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, KRNT is expected to report 3Q20 income of $ 0.13 per share from revenue of $ 55.14 million.
For the full year, analysts anticipate top line of $ 174.78 million, while looking forward to income of $ 0.04 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 53.50 million ~ $ 57.50 million
Click Here For More Historical Outlooks Of Kornit Digital Ltd.
Previous Quarter Performance
Kornit Digital Ltd. announced loss for the second quarter of $ 0.03 per share, from the revenue of $ 37.44 million. The quarterly revenues contracted 18.68 percent compared with the same quarter last year. According to street consensus, KRNT was expected to report 2Q20 loss of $ 0.07 per share from revenue of $ 33.18 million. The bottom line results beat street analysts by $ 0.04 or 57.14 percent, at the same time, top line results outshined analysts by $ 4.26 million or 12.84 percent.
Stock Performance
Shares of Kornit Digital Ltd. traded low $ -4.83 or -6.77 percent on Monday, reaching $ 66.52 with volume of 234.10 thousand shares. Kornit Digital Ltd. has traded high as $ 73.49 and has cracked $ 66.27 on the downward trend
According to the previous trading day, closing price of $ 66.52, representing a 221.83 % increase from the 52 week low of $ 22.17 and a 2.91 % decrease over the 52 week high of $ 73.49.
The company has a market capital of $ 2.90 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 21st September 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 70.00 target price.
Conference Call
Kornit Digital Ltd. will be hosting a conference call at 5:00 PM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kornit.com
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. The companys solutions include digital printing systems, ink and other consumables, associated software, and value added services.
