Stratasys (SSYS) Set to Announce Quarterly Earnings on Wednesday

Stratasys (NASDAQ:SSYS - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect Stratasys to post 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.Individual that wish to register for the company's earnings conference call can do so using this link.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $138.00 million during the quarter, compared to analysts' expectations of $146.38 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The company's revenue for the quarter was down 13.6% 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

SSYS stock traded up $0.24 during midday trading on Wednesday, reaching $8.03. 675,248 shares of the company were exchanged, compared to its average volume of 484,101. The business has a 50-day moving average price of $7.33 and a two-hundred day moving average price of $8.24. Stratasys has a one year low of $6.05 and a one year high of $14.93. The firm has a market capitalization of $573.18 million, a price-to-earnings ratio of -4.93 and a beta of 1.21.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Loop Capital reduced their target price on shares of Stratasys from $9.00 to $7.00 and set a "hold" rating for the company in a research report on Thursday, September 5th. Cantor Fitzgerald reduced their target price on shares of Stratasys from $23.00 to $12.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. Needham & Company LLC reduced their target price on shares of Stratasys from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Lake Street Capital reduced their target price on shares of Stratasys from $15.00 to $11.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Finally, StockNews.com assumed coverage on shares of Stratasys in a research report on Monday, September 2nd. They issued a "hold" rating for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.