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

Stratasys

09/08/2023 14:32

* Stratasys Ltd  SSYS.OQ  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for breakeven
results per share.
    * Revenue fell 4.1% to $159.75 million from a year ago;
analysts
expected $154.27 million. 
    * Stratasys Ltd's reported EPS for the quarter was a loss
of 56
cents​.
    * The mean earnings estimate of analysts had fallen by
about 100%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Stratasys Ltd shares had fallen by 5.6% this quarter and
gained 41.3% so far this year.
    * The company reported a quarterly loss of $38.62 million.
    * Wall Street's median 12-month price target for Stratasys
Ltd is
$19.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.00           0.04           Beat
 Mar. 31 2023      -0.06          0.02           Beat
 Dec. 31 2022      0.03           0.07           Beat
 Sep. 30 2022      0.02           0.05           Beat