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

Stratasys

29/05/2024 22:48

* Stratasys Ltd  SSYS.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 2
cents.  The mean expectation of six analysts for the quarter was
for a loss of 6 cents per share. Wall Street expected results to
range from -10 cents to -2 cents per share.
    * Revenue fell 3.6% to $144.05 million from a year ago;
analysts
expected $143.82 million. 
    * Stratasys Ltd's reported EPS for the quarter was a loss
of 37
cents​.
    * The company reported a quarterly loss of $25.98 million.
    * Stratasys Ltd shares had fallen by 21.3% this quarter and
lost 36.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 874.5% 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 May 29 at
09:48 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
 Mar. 31 2024      -0.06          -0.02          Beat
 Dec. 31 2023      0.02           0.02           Met
 Sep. 30 2023      0.03           0.04           Beat
 Jun. 30 2023      0.00           0.04           Beat