Kornit Digital Ltd. (NASDAQGS:KRNT) is scheduled to report Q3 earnings results on November 18, 2019. The company is expected to report earnings of $0.18/share on revenue of $48.8 million. The consensus earnings per share (EPS) of $0.18/share is based on a poll of 7 analysts and represents a growth of 38.5% over the same quarter last year when the company reported earnings of $0.13/share.
The revenue forecast of $48.8 million based on a poll of 5 analysts implies a year-over-year (YoY) growth of 29.8%. Last year the company reported $37.591 million in revenue for the quarter.
| Metric | Expected | Prior Year | YoY Change |
|---|---|---|---|
| Revenue | $48.80 | $37.59 | 29.8% |
| EPS | $0.18 | $0.13 | 38.5% |
Earnings Call Trends
Historically, management has exceeded analyst expectations 4 out of the last 8 tracked quarters, and missed expectations 4 quarters.
| Quarter | Expected | Reported | Surprise | Result |
|---|---|---|---|---|
| Q2, 2019 | $0.13 | $0.08 | -38.5% | Missed |
| Q1, 2019 | $0.07 | $0.03 | -57.1% | Missed |
| Q4, 2018 | $0.12 | $0.08 | -33.3% | Missed |
| Q3, 2018 | $0.12 | $0.13 | 8.6% | Beat |
| Q2, 2018 | $0.08 | $0.09 | 12.5% | Beat |
| Q1, 2018 | -$0.02 | $0.06 | NM | Beat |
| Q4, 2017 | $0.05 | $0.04 | -20.0% | Missed |
| Q3, 2017 | $0.02 | $0.05 | 150.0% | Beat |
What are your expectations from Kornit Digital for this earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2019, the stock price reacted by falling by -9.9%.
| Report Date | Price Day Prior | Price Next Day | Change % | Result |
|---|---|---|---|---|
| 2019-08-06 | $30.30 | $27.29 | -9.9% | Decline |
| 2019-05-13 | $25.86 | $26.02 | 0.6% | Increase |
| 2019-02-12 | $21.84 | $22.24 | 1.8% | Increase |
| 2018-11-12 | $20.06 | $21.40 | 6.7% | Increase |
Fundamentals And Technical Analysis
Kornit Digital is currently trading at $32.83/share, down -4% for the day ahead of earnings. The company is trading at around 95% of its 52-week high of $34.77/share. The company’s stock price is up 20% since the last earnings report. The company’s 14 Day Relative Price Index (RSI) of 62.12 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30. The image below summarize the company’s quarterly financial performance:
The current share price implies a price-to-earnings (P/E) multiple of 154.0x and a forward P/E multiple of 70.1x.
Kornit Digital’s current share price also implies a price-to-book (P/B) multiple of 4.4x. The following table summarizes some other key fundamental ratios:
| Metric | Value |
|---|---|
| Last Fiscal Period | FY2019.Q2 |
| Period End Date | June 30, 2019 |
| Stock Price (Current) | $34.22 |
| P/E Ratio | 154.0x |
| P/E Ratio (Fwd) | 70.1x |
| PEG Ratio | 1.0 |
| Total Debt to Capital (%) | 1.1% |
| Levered Free Cash Flow | $14.734 million |
| Enterprise Value / EBITDA | 164.4x |
Company Profile: Kornit Digital Ltd.
Kornit Digital Ltd. is a small-cap stock with a market capitalization of $1.382 billion and a total enterprise value of $1.185 billion. The company operates in the Industrials sector and Machinery industry.
Kornit Digital Ltd. develops, designs, and markets solutions for the fashion, apparel, and home decor segments of printed textile industry. The company’s solutions include digital printing systems, ink and other consumables, associated software, and value added services.
The company offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services. The company serves decorators, online businesses, brand owners, and contract printers. Kornit Digital, Ltd. was founded in 2002 and is headquartered in Rosh-Ha`Ayin, Israel.
