Kornit Digital (KRNT) Q3 Earnings and Revenues Beat Estimates

Core Viewpoint - Kornit Digital reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and showing a significant improvement from a loss of $0.07 per share a year ago [1] Financial Performance - The company achieved revenues of $50.73 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.12%, although this represents a decline from $59.22 million in the same quarter last year [2] - Kornit Digital has surpassed consensus EPS estimates in all four of the last quarters [2] Stock Performance - Kornit Digital shares have increased approximately 26.5% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $57.12 million, and for the current fiscal year, it is $0.16 on revenues of $198.71 million [7] - The trend of estimate revisions for Kornit Digital has been favorable leading up to the earnings release [6] Industry Context - The Commercial Printing industry, to which Kornit Digital belongs, is currently ranked in the top 6% of over 250 Zacks industries, suggesting a strong performance potential [8]