Financial News

Stratasys (SSYS) Q2 Earnings Report Preview: What To Look For

SSYS Cover Image

3D printing company Stratasys (NASDAQ: SSYS) will be reporting results this Wednesday before market hours. Here’s what you need to know.

Stratasys beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $136 million, down 5.6% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

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 be flat year on year at $137.2 million, improving from the 13.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 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 four times over the last two years.

Looking at Stratasys’s peers in the industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Proto Labs delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 5.4%, and 3D Systems reported a revenue decline of 16.3%, falling short of estimates by 1%. Proto Labs traded up 10.5% following the results.

Read our full analysis of Proto Labs’s results here and 3D Systems’s results here.

Investors in the industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. Stratasys is down 3.2% during the same time and is heading into earnings with an average analyst price target of $15.33 (compared to the current share price of $10.82).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.

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