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

Xometry

10/05/2024 19:54

* Xometry Inc  XMTR.OQ  reported a quarterly adjusted loss
of 12
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -20
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 13 cents per share. Wall Street expected
results to range from -18 cents to -10 cents per share.
    * Revenue rose 16.5% to $122.69 million from a year ago;
analysts
expected $119.80 million. 
    * Xometry Inc's reported EPS for the quarter was a loss
of 34
cents​.
    * The company reported a quarterly loss of $16.62 million.
    * Xometry Inc shares had fallen by 6.7% this quarter and
lost 56.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 420.1% 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 6 "strong buy" or "buy," 2
"hold" and no "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
$26.00 
This summary was machine generated from LSEG data May 10 at
06:54 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      -0.13          -0.12          Beat
 Dec. 31 2023      -0.01          -0.01          Met
 Sep. 30 2023      -0.12          -0.05          Beat
 Jun. 30 2023      -0.20          -0.14          Beat