Proto Labs Inc reports results for the quarter ended in January - Earnings Summary

Proto Labs

02/08/2024 15:22

* Proto Labs Inc  PRLB.N  reported quarterly adjusted
earnings of
38 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 33 cents.  The mean expectation of five analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 34 cents to 36 cents per share.
    * Revenue rose 2.8% to $125.63 million from a year ago;
analysts
expected $126.24 million. 
    * Proto Labs Inc's reported EPS for the quarter was 18
cents​.
    * The company reported quarterly net income of $4.54
million.
    * Proto Labs Inc shares had risen by 8.5% this quarter and
lost 13.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
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 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

Wall Street's median 12-month price target for Proto Labs Inc is
$44.00 
This summary was machine generated from LSEG data August 2 at
02:21 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
 Jun. 30 2024      0.31           0.38           Beat
 Mar. 31 2024      0.31           0.40           Beat
 Dec. 31 2023      0.30           0.46           Beat
 Sep. 30 2023      0.30           0.51           Beat