Stratasys (NASDAQ:SSYS - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.030-0.070 for the period, compared to the consensus EPS estimate of 0.010. The company issued revenue guidance of $570.0 million-$580.0 million, compared to the consensus revenue estimate of $571.9 million. Stratasys also updated its FY24 guidance to $0.03-0.07 EPS.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on SSYS shares. Lake Street Capital lowered their price target on Stratasys from $15.00 to $11.00 and set a "buy" rating for the company in a research report on Friday, August 30th. 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 note on Friday, August 30th. Loop Capital dropped their price target on Stratasys from $9.00 to $7.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reduced their price objective on Stratasys from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Finally, StockNews.com assumed coverage on Stratasys in a research note on Monday, September 2nd. They set a "hold" rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $10.80.
Read Our Latest Stock Analysis on Stratasys
Stratasys Stock Up 19.2 %
NASDAQ:SSYS traded up $1.61 during mid-day trading on Wednesday, hitting $10.00. 2,225,367 shares of the company traded hands, compared to its average volume of 496,779. The stock's fifty day moving average price is $7.42 and its 200-day moving average price is $8.18. Stratasys has a one year low of $6.05 and a one year high of $14.93. The firm has a market cap of $713.80 million, a price-to-earnings ratio of -6.06 and a beta of 1.21.
Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Stratasys had a negative net margin of 18.98% and a negative return on equity of 3.29%. The company had revenue of $138.00 million during the quarter, compared to analyst estimates of $146.38 million. During the same period in the prior year, the firm posted ($0.08) EPS. The firm's quarterly revenue was down 13.6% compared to the same quarter last year. Equities analysts predict that Stratasys will post -0.44 EPS for the current year.
About Stratasys
(
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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.
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