Stratasys (SSYS) Set to Announce Quarterly Earnings on Wednesday

Stratasys (NASDAQ:SSYS) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Stratasys has set its FY 2024 guidance at 0.010-0.050 EPS and its FY24 guidance at $0.01-$0.05 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $138.00 million for the quarter, compared to the consensus estimate of $146.38 million. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The business’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.08) EPS. On average, analysts expect Stratasys to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Stratasys Stock Up 9.3 %

Shares of SSYS opened at $7.79 on Wednesday. Stratasys has a 52-week low of $6.05 and a 52-week high of $14.93. The stock has a 50 day moving average price of $7.32 and a 200 day moving average price of $8.24.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Cantor Fitzgerald dropped their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Loop Capital dropped their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC reduced their target price on Stratasys from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, August 30th. StockNews.com initiated coverage on Stratasys in a research report on Monday, September 2nd. They issued a “hold” rating for the company. Finally, Lake Street Capital cut their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.80.

Stratasys Company Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.