Stratasys (SSYS) to Release Quarterly Earnings on Wednesday

Stratasys (NASDAQ:SSYS) will issue its quarterly earnings data 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.Parties that are interested in participating in the company’s 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) earnings per share (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 analysts’ expectations of $146.38 million. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. Stratasys’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share. On average, analysts expect Stratasys to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Stratasys Trading Up 14.1 %

SSYS opened at $8.75 on Tuesday. The stock has a market cap of $624.58 million, a PE ratio of -5.37 and a beta of 1.21. Stratasys has a 1 year low of $6.05 and a 1 year high of $14.93. The stock’s 50 day simple moving average is $7.36 and its 200-day simple moving average is $8.20.

Wall Street Analysts Forecast Growth

SSYS has been the topic of a number of analyst reports. Cantor Fitzgerald lowered their price target on Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Lake Street Capital lowered 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. Loop Capital lowered their price target on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC lowered their price target on Stratasys from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com initiated coverage on Stratasys in a research report on Monday, September 2nd. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.80.

About Stratasys

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.