Xometry Inc reports results for the quarter ended in September 30 - Earnings Summary

Xometry

06/11/2024 04:58

* Xometry Inc  XMTR.OQ  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -5 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -6 cents to 1 cents per share.
    * Revenue rose 19.1% to $141.70 million from a year ago;
analysts
expected $137.70 million. 
    * Xometry Inc's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $10.2 million.
    * Xometry Inc shares had risen by 20.1% this quarter and
lost 38.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 63.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"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
$25.00 
This summary was machine generated from LSEG data November 6 at
04:58 a.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      -0.02          0.02           Beat
 Jun. 30 2024      -0.12          -0.01          Beat
 Mar. 31 2024      -0.13          -0.12          Beat
 Dec. 31 2023      -0.01          -0.01          Met