Stratasys Ltd reports results for the quarter ended September 30 - Earnings Summary

Stratasys

13/11/2024 14:17

* Stratasys Ltd  SSYS.OQ  reported quarterly adjusted
earnings of
1 cent​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of six analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -4 cents to -3 cents per share.
    * Revenue fell 13.6% to $140.01 million from a year ago;
analysts
expected $139.49 million. 
    * Stratasys Ltd's reported EPS for the quarter was a loss
of 37
cents​.
    * The company reported a quarterly loss of $26.61 million.
    * Stratasys Ltd shares had risen by 1.0% this quarter and
lost 41.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 163.6% 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
$11.50 
This summary was machine generated from LSEG data November 13 at
02:17 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
 Sep. 30 2024      -0.03          0.01           Beat
 Jun. 30 2024      -0.05          -0.04          Beat
 Mar. 31 2024      -0.06          -0.02          Beat
 Dec. 31 2023      0.02           0.02           Met