Kodak Faces Q3 Estimates Amid Mixed Analyst Views

Eastman Kodak Company is expected to report earnings per share of $0.16 for the third quarter of 2026, according to a research note from Sidoti issued on September 16. The firm, which specializes in technology and imaging products, also projects the same $0.16 EPS for the fourth quarter, leading to a full-year 2026 estimate of $0.39. These forward-looking figures follow a second quarter in which the company reported $0.13 EPS on revenue of $311 million, though the quarter was marked by a negative net margin of 8.28% and a negative return on equity of 14.47%.

The market reaction to Kodak’s recent performance has been cautious. Despite the company opening trading at $9.72 on Friday, the stock carries a consensus rating of Sell based on data from MarketBeat. While Wall Street Zen recently upgraded its stance to a Buy in August, Weiss Ratings maintained a Sell designation. The company’s financial metrics, including a P/E ratio of -6.99 and a beta of 1.58, reflect the volatility and uncertainty surrounding its current business trajectory.

Forward Earnings Projections

Sidoti’s analyst D. Harriman has outlined a growth trajectory for Kodak that extends into 2027. The firm estimates full-year 2027 earnings at $0.78 per share, suggesting a potential recovery in profitability over the next two years. This projection stands in contrast to the immediate pressure seen in the most recent quarterly results, where the company struggled to maintain positive margins despite generating over $300 million in revenue. The disparity between the short-term losses and the long-term EPS targets highlights the speculative nature of the current analyst consensus.

Institutional Investor Activity

Recent trading activity indicates a shift in institutional positioning for the stock. Several major funds initiated new stakes in Eastman Kodak during the first and second quarters. Fifth Third Bancorp added a position worth $77,000, while Two Sigma Securities LLC purchased shares valued at approximately $95,000 in the second quarter. Lazard Asset Management LLC and Arizona State Retirement System also entered the stock with new positions of $126,000 and $162,000, respectively. Northcape Wealth Management LLC matched the Arizona stake with a $162,000 investment. Collectively, these moves contribute to a total institutional ownership of 33.65%.

The company’s balance sheet shows a debt-to-equity ratio of 0.17, indicating a relatively low level of leverage. With a current ratio of 2.91 and a quick ratio of 1.95, Kodak maintains sufficient liquidity to cover its short-term obligations. However, the stock’s twelve-month range, spanning from a low of $5.78 to a high of $14.87, underscores the significant price volatility investors have experienced. The 50-day moving average currently sits at $9.02, below the 200-day average of $9.58, suggesting a mild downward trend in the medium term.

Business Segment Overview

Eastman Kodak operates across several distinct markets, including commercial printing, packaging, and professional photography. The company provides a range of products such as workflow software, digital printing systems, and offset printing plates. Additionally, Kodak continues to supply film and photographic chemicals for motion-picture and specialty imaging applications. This diversification allows the firm to serve a broad client base, from publishers and packaging producers to the entertainment industry. The source material, provided by GN markets/earnings (en-US), emphasizes the company’s role in both digital and traditional imaging technologies.