Stratasys (SSYS) Set to Announce Earnings on Wednesday

Stratasys (NASDAQ:SSYS) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 29th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Stratasys has set its FY24 guidance at $0.12-0.19 EPS and its FY 2024 guidance at 0.120-0.190 EPS.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The firm had revenue of $156.34 million for the quarter, compared to analysts’ expectations of $153.96 million. During the same period in the previous year, the company posted ($0.03) EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts expect Stratasys to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Stratasys Price Performance

Shares of SSYS stock traded up $0.02 on Friday, hitting $9.06. The company’s stock had a trading volume of 357,406 shares, compared to its average volume of 408,066. The stock has a market capitalization of $631.12 million, a price-to-earnings ratio of -5.06 and a beta of 1.33. Stratasys has a fifty-two week low of $8.90 and a fifty-two week high of $21.72. The firm’s fifty day moving average price is $10.30 and its 200-day moving average price is $11.79.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of Stratasys in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $24.00 target price on the stock. StockNews.com initiated coverage on shares of Stratasys in a report on Tuesday. They set a “buy” rating for the company.

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.