Proto Labs (NYSE:PRLB – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.290-0.370 for the period, compared to the consensus EPS estimate of 0.410. The company issued revenue guidance of $117.0 million-$125.0 million, compared to the consensus revenue estimate of $129.6 million. Proto Labs also updated its Q3 guidance to $0.29-0.37 EPS.
Proto Labs Trading Down 15.3 %
Shares of NYSE:PRLB traded down $5.14 during trading on Friday, hitting $28.39. 359,021 shares of the company were exchanged, compared to its average volume of 163,607. The stock has a market cap of $718.83 million, a price-to-earnings ratio of 36.91 and a beta of 1.33. Proto Labs has a fifty-two week low of $23.01 and a fifty-two week high of $41.87. The firm has a fifty day moving average price of $31.58 and a two-hundred day moving average price of $33.43.
Proto Labs (NYSE:PRLB – Get Free Report) last issued its earnings results on Friday, May 3rd. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.13 by $0.07. Proto Labs had a return on equity of 2.88% and a net margin of 3.92%. The company had revenue of $127.89 million during the quarter, compared to the consensus estimate of $123.81 million. As a group, research analysts predict that Proto Labs will post 0.69 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Report on Proto Labs
Proto Labs Company Profile
Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.
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