Markforged Holding Corp expected to post a loss of 6 cents a share - Earnings Preview

Markforged Holding

07/08/2024 03:03

* Markforged Holding Corp  MKFG.N   MKFG.K  is expected
to show a
fall in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Waltham Massachusetts-based  company is expected to
report a
14.8% decrease in revenue to $21.686 million from $25.45 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Markforged Holding Corp
is for
a loss of 6 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Markforged
Holding Corp is $1.30​, above​ its last closing price of $0.29.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.07       -0.06      -0.06     Met     7.7
 Jan. 1 2024   -0.07       -0.07      -0.06     Beat    14.3
 Jan. 1 0001   -0.08       -0.08      -0.07     Beat    13.8​
 Jun. 30 2023  -0.07       -0.07      -0.06     Beat    14.3
 ​​Mar.        -0.08       -0.08      -0.06     Beat    25.7
 31 2023                                                
 Dec. 31 2022  -0.07       -0.07      -0.07     Met     0.5​
 Sep. 30 2022  -0.08       -0.08      -0.08     Met     -5
 Jun. 30 2022  -0.09       -0.09      -0.09     Met     -4.3
 This summary was machine generated August 7 at 02:03 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)