Markforged (MKFG) Set to Announce Earnings on Thursday

Markforged (NYSE:MKFG - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Markforged has set its FY 2024 guidance at -0.220--0.190 EPS.

Markforged (NYSE:MKFG - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.10. Markforged had a negative net margin of 134.02% and a negative return on equity of 33.53%. The firm had revenue of $21.69 million during the quarter, compared to analysts' expectations of $21.76 million. During the same quarter in the prior year, the firm earned ($0.70) EPS. On average, analysts expect Markforged to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Markforged Stock Performance

Shares of Markforged stock remained flat at $4.40 on Thursday. 107,110 shares of the stock traded hands, compared to its average volume of 103,863. The business has a 50 day simple moving average of $3.50 and a 200-day simple moving average of $4.15. The stock has a market cap of $89.43 million, a P/E ratio of -0.76 and a beta of 1.52. Markforged has a twelve month low of $1.57 and a twelve month high of $9.30.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MKFG shares. Cantor Fitzgerald reiterated a "neutral" rating and issued a $5.00 price objective (down from $8.50) on shares of Markforged in a report on Thursday, September 26th. Lake Street Capital reiterated a "hold" rating on shares of Markforged in a report on Thursday, September 26th.

About Markforged

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.