Kornit Digital Third Quarter 2024 Earnings: EPS Beats Expectations

Kornit Digital (NASDAQ:KRNT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$50.7m (down 14% from 3Q 2023).
• Net loss: US$908.0k (loss narrowed by 89% from 3Q 2023).
• US$0.019 loss per share (improved from US$0.17 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kornit Digital EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 33% from a week ago.

Valuation

Our analysis of Kornit Digital based on 6 different valuation metrics shows it might be overvalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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