Stratasys (SSYS) to Release Earnings on Wednesday

Stratasys (NASDAQ:SSYS - Get Free Report) is scheduled to announce 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.Persons interested in listening to the company's earnings conference call can do so using this link.

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

Stratasys Stock Up 0.2 %

NASDAQ SSYS traded up $0.02 during trading on Friday, hitting $9.06. 357,406 shares of the stock traded hands, compared to its average volume of 408,066. Stratasys has a 12-month low of $8.90 and a 12-month high of $21.72. The firm has a 50-day simple moving average of $10.30 and a 200-day simple moving average of $11.80. The company has a market capitalization of $631.12 million, a P/E ratio of -5.06 and a beta of 1.33.

Analyst Ratings Changes

A number of research firms recently weighed in on SSYS. StockNews.com initiated coverage on shares of Stratasys in a report on Tuesday. They issued a "buy" rating for the company. Cantor Fitzgerald started coverage on shares of Stratasys in a research note on Tuesday, February 13th. They issued an "overweight" rating and a $24.00 price objective 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.