Stratasys Gears Up to Report Q2 Earnings: Key Factors to Note
Stratasys (NASDAQ: SSYS) is slated to release second-quarter 2024 results on Aug. 29.
The Zacks Consensus Estimate for Stratasys’ second-quarter revenues is pegged at $148.08 million, indicating a year-over-year decrease of 7.31%. The consensus mark for the bottom line is pegged at a loss of 4 cents per share. SSYS posted non-GAAP earnings of 4 cents per share in the year-ago quarter.
Its earnings beat the Zacks Consensus Estimate twice in the trailing four quarters, matched once and missed once, the average surprise being 58.33%.
Let’s see how things have shaped up before the upcoming announcement.
Stratasys, Ltd. Price and EPS Surprise
Stratasys, Ltd. price-eps-surprise | Stratasys, Ltd. Quote
Factors to Consider
The year-over-year expected decline in top and bottom lines is due to divestitures of certain businesses and unfavorable foreign currency exchange rates. Nonetheless, Stratasys’ second-quarter performance is likely to have benefited from steady demand for its products and solutions.
With many engineers, designers, architects and entrepreneurs resorting to 3D solutions for their primary designing and product modeling, the 3D printing market is becoming a favorable long-term investment opportunity. This trend is likely to have spurred the demand for Stratasys’ 3D products and solutions in the second quarter. In the quarter to …
Full story available on Benzinga.com