Markforged (NYSE:MKFG - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.220--0.190 for the period, compared to the consensus earnings per share estimate of -0.200. The company issued revenue guidance of $95.0 million-$105.0 million, compared to the consensus revenue estimate of $98.6 million.
Markforged Stock Up 3.7 %
Shares of MKFG stock traded up $0.02 during trading on Wednesday, reaching $0.61. 215,834 shares of the company's stock were exchanged, compared to its average volume of 339,381. Markforged has a twelve month low of $0.50 and a twelve month high of $2.30. The firm's fifty day moving average price is $0.70 and its 200-day moving average price is $0.72. The stock has a market capitalization of $121.26 million, a PE ratio of -1.15 and a beta of 1.60.
Markforged (NYSE:MKFG - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $24.17 million for the quarter, compared to the consensus estimate of $20.95 million. Markforged had a negative net margin of 110.43% and a negative return on equity of 25.97%. During the same period in the previous year, the company earned ($0.06) earnings per share. As a group, analysts anticipate that Markforged will post -0.2 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Cantor Fitzgerald reiterated an overweight rating and set a $1.45 target price on shares of Markforged in a research note on Wednesday, February 28th.
Check Out Our Latest Stock Analysis on Markforged
About Markforged
(
Get Free Report)
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.
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