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

Proto Labs

03/11/2023 13:32

* Proto Labs Inc  PRLB.N  reported quarterly adjusted
earnings of
51 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 40 cents.  The mean expectation of four analysts for the
quarter was for earnings of 30 cents per share. Wall Street
expected results to range from 29 cents to 30 cents per share.
    * Revenue rose 6% to $129.04 million from a year ago;
analysts
expected $122.77 million. 
    * Proto Labs Inc's reported EPS for the quarter was 31
cents​.
    * The company reported quarterly net income of $7.95
million.
    * Proto Labs Inc shares had fallen by 8.0% this quarter and
lost 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
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 1 "strong buy" or "buy," 4
"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
$45.00 
This summary was machine generated from LSEG data November 3 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.30           0.51           Beat
 Jun. 30 2023      0.30           0.33           Beat
 Mar. 31 2023      0.23           0.30           Beat
 Dec. 31 2022      0.21           0.26           Beat