Markforged Holding Corp reports results for the quarter ended in January - Earnings Summary

Markforged Holding

09/08/2024 03:44

* Markforged Holding Corp  MKFG.N  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of -6 cents.  The mean expectation of four analysts
for the quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -6 cents to -5 cents per share.
    * Revenue fell 14.8% to $21.69 million from a year ago;
analysts
expected $21.69 million. 
    * Markforged Holding Corp's reported EPS for the quarter was
a
loss of 7 cents​.
    * The company reported a quarterly loss of $14.4 million.
    * Markforged Holding Corp shares had fallen by 31.7% this
quarter and lost 65.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the electronic
equipment & parts peer group is  "hold."

Wall Street's median 12-month price target for Markforged
Holding Corp is $1.30 
This summary was machine generated from LSEG data August 9 at
02:44 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.06          -0.05          Beat
 Mar. 31 2024      -0.06          -0.06          Met
 Dec. 31 2023      -0.07          -0.06          Beat
 Sep. 30 2023      -0.08          -0.07          Beat