3D printing company Stratasys (NASDAQ: SSYS) will be reporting results this Thursday before market open. Here’s what you need to know.
Stratasys beat analysts’ revenue expectations last quarter, reporting revenues of $132.7 million, down 2.5% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and full-year EBITDA guidance exceeding analysts’ expectations.
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 be flat year on year, in line with its flat revenue from 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 Q2 results, giving us a hint as to what we can expect. 3D Systems posted flat year-on-year revenue, beating analysts’ expectations by 0.9%, and Proto Labs reported revenues up 10.6%, topping estimates by 3.6%. 3D Systems traded up 25.8% following the results while Proto Labs was also up 6.8%.
Read our full analysis of 3D Systems’s results here and Proto Labs’s results here.
There has been positive sentiment among investors in the industrial machinery segment, with share prices up 3.4% on average over the last month. Stratasys is up 8.4% during the same time and is heading into earnings with an average analyst price target of $12.33 (compared to the current share price of $8.99).
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