Proto Labs Inc expected to post earnings of 31 cents a share - Earnings Preview

Proto Labs

01/05/2024 14:48

* Proto Labs Inc  PRLB.N   PRLB.K  is expected to show a
fall in
quarterly revenue when it reports  results on May 3 for the
period ending March 31 2024
    * The Maple Plain Minnesota-based  company is expected to
report a
0.9% decrease in revenue to $124.683 million from $125.86
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on February
9 2024, for the period ended March 31, was for revenue between
$120.00 million and $128.00 million.
    * ​LSEG's mean analyst estimate for Proto Labs Inc is for
earnings
of 31 cents per share. The company's EPS guidance on February 9
2024, for the period ended March 31, was between $0.26 and
$0.34 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"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 Proto Labs
Inc is
$41.50​, above​ its last closing price of $30.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.30        0.30       0.46      Beat    51.1
 Jan. 1 2023   0.30        0.30       0.51      Beat    71.4
 Jan. 1 0001   0.30        0.30       0.33      Beat    10.5​
 Mar. 31 2023  0.23        0.23       0.30      Beat    29.3
 ​​Dec.        0.21        0.21       0.26      Beat    24.1
 31 2022                                                
 Sep. 30 2022  0.40        0.40       0.40      Met     0.9​
 Jun. 30 2022  0.39        0.39       0.46      Beat    17.3
 Jan. 1 0001   0.29        0.29       0.38      Beat    31.9
 This summary was machine generated May 1 at 13:48 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)