Stratasys (NASDAQ:SSYS) Releases Earnings Results, Beats Estimates By $0.01 EPS

Stratasys (NASDAQ:SSYS - Get Free Report) posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01, Briefing.com reports. The business had revenue of $136.05 million for the quarter, compared to analyst estimates of $134.11 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company's revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. Stratasys updated its FY 2025 guidance to 0.300-0.370 EPS.

Stratasys Price Performance

Shares of SSYS stock traded down $0.05 during midday trading on Thursday, reaching $10.91. 76,480 shares of the company traded hands, compared to its average volume of 587,169. The firm's 50 day simple moving average is $9.72 and its two-hundred day simple moving average is $9.72. Stratasys has a 1-year low of $6.05 and a 1-year high of $12.88. The firm has a market cap of $782.64 million, a PE ratio of -8.25 and a beta of 1.50.

Analyst Ratings Changes

SSYS has been the topic of several recent analyst reports. Cantor Fitzgerald increased their target price on Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. StockNews.com downgraded shares of Stratasys from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC increased their target price on shares of Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.20.

Stratasys Company Profile

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.