Kornit Digital Expects Q1 FY24 Revenues Of $43M-$48M Vs. Consensus Of $46.91M; Sees Adjusted EBITDA Margin Between -16% to –26%
Portfolio Pulse from Benzinga Newsdesk
Kornit Digital forecasts Q1 FY24 revenues to be between $43M-$48M, compared to a consensus of $46.91M. The company also anticipates an adjusted EBITDA margin ranging from -16% to -26%.
February 14, 2024 | 12:34 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Kornit Digital expects Q1 FY24 revenues to be slightly below consensus with an adjusted EBITDA margin ranging from -16% to -26%.
The projected revenue range being slightly below the consensus suggests a potential negative market reaction, especially combined with the anticipated negative adjusted EBITDA margin. This could lead to short-term bearish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100