Stratasys Ltd reports results for the quarter ended in December - Earnings Summary

Stratasys

07/03/2024 15:59

* Stratasys Ltd  SSYS.OQ  reported quarterly adjusted
earnings of
2 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from 2 cents to 3 cents per share.
    * Revenue fell 1.8% to $156.34 million from a year ago;
analysts
expected $154.17 million. 
    * Stratasys Ltd's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $14.96 million.
    * Stratasys Ltd shares had fallen by 18.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
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 5 "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 "buy"

Wall Street's median 12-month price target for Stratasys Ltd is
$15.86 
This summary was machine generated from LSEG data March 7 at
03:58 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
 Dec. 31 2023      0.02           0.02           Met
 Sep. 30 2023      0.03           0.04           Beat
 Jun. 30 2023      0.00           0.04           Beat
 Mar. 31 2023      -0.06          0.02           Beat