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

Markforged Holding

11/08/2023 24:27

* Markforged Holding Corp  MKFG.N  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended in June. The
mean expectation of four analysts for the quarter was for a loss
of 7 cents per share.
    * Revenue rose 5% to $25.45 million from a year ago;
analysts
expected $25.28 million. 
    * Markforged Holding Corp's reported EPS for the quarter was
a
loss of 10 cents​.
    * The mean earnings estimate of analysts had risen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Markforged Holding Corp shares had risen by 23.1% this
quarter and gained 28.4% so far this year.
    * The company reported a quarterly loss of $18.99 million.
    * Wall Street's median 12-month price target for Markforged
Holding Corp is $2.08 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 11:27 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.07          -0.06          Beat
 Mar. 31 2023      -0.08          -0.06          Beat
 Dec. 31 2022      -0.07          -0.07          Met
 Sep. 30 2022      -0.08          -0.08          Met