Xometry Inc reports results for the quarter ended in June - Earnings Summary

Xometry

08/08/2024 15:23

* Xometry Inc  XMTR.OQ  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -14
cents.  The mean expectation of eight analysts for the quarter
was for a loss of 12 cents per share. Wall Street expected
results to range from -16 cents to -9 cents per share.
    * Revenue rose 19.4% to $132.60 million from a year ago;
analysts
expected $128.65 million. 
    * Xometry Inc's reported EPS for the quarter was a loss
of 28
cents​.
    * The company reported a quarterly loss of $13.7 million.
    * Xometry Inc shares had fallen by 1.5% this quarter and
lost 68.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 95.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Xometry Inc is
$24.00 
This summary was machine generated from LSEG data August 8 at
02:23 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
 Jun. 30 2024      -0.12          -0.01          Beat
 Mar. 31 2024      -0.13          -0.12          Beat
 Dec. 31 2023      -0.01          -0.01          Met
 Sep. 30 2023      -0.12          -0.05          Beat