Stratasys (NASDAQ: SSYS) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this maker of 3D printers would post a loss of $0.04 per share when it actually produced a loss of $0.02, delivering a surprise of 50%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Stratasys, which belongs to the Zacks Computer - Peripheral Equipment industry, posted revenues of $138.04 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 6.78%. This compares to year-ago revenues of $159.75 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Stratasys shares have lost about 46.2% since the beginning of the ...
