Stratasys, Ltd. (NASDAQ:SSYS) provider of 3D printing and additive manufacturing solutions, is reporting third quarter earnings results on Thursday 12th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.07 per share.
For the full year, analysts predict revenues of $ 504.00 million, while looking forward to loss of $ 0.37 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 620.00 million ~ $ 680.00 million, where as bottomline are predicted in a range of $ 0.45 ~ $ 0.60 per share
Click Here For More Historical Outlooks Of Stratasys, Ltd.
Previous Quarter Performance
Stratasys, Ltd. recorded loss for the second quarter of $ 0.13 per share, from the revenue of $ 117.62 million. The consensus estimates are loss of $ 0.20 per share from $ 121.74 million in revenue. The bottom line results beat street analysts by $ 0.07 or 35.00 percent, at the same time, top line results fell short of analysts by $ 4.12 million or 3.38 percent.
Stock Performance
Shares of Stratasys, Ltd. traded up $ 0.32 or 2.20 percent on Wednesday, reaching $ 14.88 with volume of 1.28 million shares. Stratasys, Ltd. has traded high as $ 14.98 and has cracked $ 14.32 on the downward trend
The closing price of $ 14.88, representing a 22.46 % increase from the 52 week low of $ 11.89 and a 34.44 % decrease over the 52 week high of $ 22.21.
The company has a market capital of $ 820.07 million and is part of the Technology sector and Computer Systems industry.
Recent Analyst recommendations
- On 24th September 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating, with $ 18.00 target price.
Conference Call
Stratasys, Ltd. will be hosting a conference call at 8:30 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 877-407-0619 U.S. or +1-412-902-1012 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.stratasys.com
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
