Financial News

Stratasys (SSYS) Q3 Earnings: What To Expect

SSYS Cover Image

3D printing company Stratasys (NASDAQ:SSYS) will be reporting earnings tomorrow morning. Here’s what to look for.

Stratasys missed analysts’ revenue expectations by 5.7% last quarter, reporting revenues of $138 million, down 13.6% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.

Is Stratasys a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Stratasys’s revenue to decline 14% year on year to $139.5 million, a deceleration from its flat revenue in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.

Stratasys Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Stratasys has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Stratasys’s peers in the industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Proto Labs’s revenues decreased 3.9% year on year, beating analysts’ expectations by 3.5%, and Markforged reported revenues up 2%, falling short of estimates by 9.1%. Proto Labs traded up 23.4% following the results while Markforged was down 1.7%.

Read our full analysis of Proto Labs’s results here and Markforged’s results here.

There has been positive sentiment among investors in the industrial machinery segment, with share prices up 6.3% on average over the last month. Stratasys is up 15.9% during the same time and is heading into earnings with an average analyst price target of $10.40 (compared to the current share price of $8.40).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback