We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kornit Digital (KRNT) Surges 11.0%: Is This an Indication of Further Gains?
Read MoreHide Full Article
Kornit Digital (KRNT - Free Report) shares ended the last trading session 11% higher at $25.21. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.1% loss over the past four weeks.
Growing advertising needs of enterprises, and the booming e-commerce market, which promotes adoption of innovative printing solutions for packaging needs, primarily drove the stock higher.
This digital textile printer is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -169.2%. Revenues are expected to be $69.64 million, down 20.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Kornit Digital, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on KRNT going forward to see if this recent jump can turn into more strength down the road.
Kornit Digital belongs to the Zacks Commercial Printing industry. Another stock from the same industry, Research Solutions Inc. (RSSS - Free Report) , closed the last trading session 5.2% higher at $2.21. Over the past month, RSSS has returned 9.4%.
Research Solutions Inc.'s consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0. Compared to the company's year-ago EPS, this represents a change of +100%. Research Solutions Inc. currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kornit Digital (KRNT) Surges 11.0%: Is This an Indication of Further Gains?
Kornit Digital (KRNT - Free Report) shares ended the last trading session 11% higher at $25.21. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.1% loss over the past four weeks.
Growing advertising needs of enterprises, and the booming e-commerce market, which promotes adoption of innovative printing solutions for packaging needs, primarily drove the stock higher.
This digital textile printer is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -169.2%. Revenues are expected to be $69.64 million, down 20.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Kornit Digital, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on KRNT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Kornit Digital belongs to the Zacks Commercial Printing industry. Another stock from the same industry, Research Solutions Inc. (RSSS - Free Report) , closed the last trading session 5.2% higher at $2.21. Over the past month, RSSS has returned 9.4%.
Research Solutions Inc.'s consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0. Compared to the company's year-ago EPS, this represents a change of +100%. Research Solutions Inc. currently boasts a Zacks Rank of #3 (Hold).