3D printing company Stratasys (NASDAQ:SSYS) will be announcing earnings results tomorrow before market open. Here’s what to expect.
Stratasys met analysts’ revenue expectations last quarter, reporting revenues of $140 million, down 13.6% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Stratasys a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Stratasys’s revenue to decline 4.8% year on year to $148.9 million, a further deceleration from the 1.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Stratasys has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Stratasys’s peers in the industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Proto Labs’s revenues decreased 2.6% year on year, beating analysts’ expectations by 1.2%, and Luxfer reported revenues up 7.8%, topping estimates by 15.5%. Proto Labs traded down 4.6% following the results while Luxfer was also down 6.5%.
Read our full analysis of Proto Labs’s results here and Luxfer’s results here.
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