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

Markforged Holding

09/05/2024 19:46

* Markforged Holding Corp  MKFG.N  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended in March,
identical to the same quarter last year.  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 -7 cents to -6
cents per share.
    * Revenue fell 14.7% to $20.55 million from a year ago;
analysts
expected $20.45 million. 
    * Markforged Holding Corp's reported EPS for the quarter was
a
loss of 18 cents​.
    * The company reported a quarterly loss of $35.95 million.
    * Markforged Holding Corp shares had fallen by 27.0% this
quarter and lost 25.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.1%
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 May 9 at 06:45
p.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
 Mar. 31 2024      -0.06          -0.06          Met
 Dec. 31 2023      -0.07          -0.06          Beat
 Sep. 30 2023      -0.08          -0.07          Beat
 Jun. 30 2023      -0.07          -0.06          Beat