3D printing company Stratasys (NASDAQ: SSYS) will be announcing earnings results this Thursday morning. Here’s what you need to know.
Stratasys missed analysts’ revenue expectations last quarter, reporting revenues of $137.6 million, flat year on year. It was a favorable quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Stratasys a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Stratasys’s revenue to grow 3.3% year on year, a reversal from the 2.2% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Stratasys rarely misses Wall Street’s revenue estimates.
Looking at Stratasys’s peers in the industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Proto Labs delivered year-on-year revenue growth of 14%, beating analysts’ expectations by 3.6%, and 3D Systems reported revenues up 8.8%, topping estimates by 1.8%. Proto Labs traded down 24.2% following the results while 3D Systems was also down 36.7%.
Read our full analysis of Proto Labs’s results here and 3D Systems’s results here.
Investors in the industrial machinery segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. Stratasys is down 13.5% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $6.56).
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