Markforged Holding Corp reports results for the quarter ended in September 30 - Earnings Summary

Markforged Holding

08/11/2024 04:10

* Markforged Holding Corp  MKFG.N  reported a quarterly
adjusted
loss of 46 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -69 cents.  The mean expectation of
three analysts for the quarter was for a loss of 48 cents per
share. Wall Street expected results to range from -52 cents
to -45 cents per share.
    * Revenue rose 2% to $20.48 million from a year ago;
analysts
expected $22.54 million. 
    * Markforged Holding Corp's reported EPS for the quarter was
a
loss of $1.15​.
    * The company reported a quarterly loss of $23.37 million.
    * Markforged Holding Corp shares had fallen by 6.5% this
quarter and lost 45.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for Markforged
Holding Corp is 5.00 
This summary was machine generated from LSEG data November 8 at
04:10 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
 Sep. 30 2024      -0.48          -0.46          Beat
 Jun. 30 2024      -0.57          -0.50          Beat
 Mar. 31 2024      -0.65          -0.60          Beat
 Dec. 31 2023      -0.70          -0.60          Beat