Markforged (MKFG) Set to Announce Quarterly Earnings on Thursday

Markforged (NYSE:MKFG) will issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Markforged has set its FY 2024 guidance at -0.220–0.190 EPS.

Markforged (NYSE:MKFG) last released its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Markforged had a negative net margin of 133.52% and a negative return on equity of 29.55%. The firm had revenue of $20.55 million during the quarter, compared to the consensus estimate of $20.26 million. On average, analysts expect Markforged to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Markforged Price Performance

Markforged stock opened at $0.31 on Friday. Markforged has a 1 year low of $0.31 and a 1 year high of $2.11. The firm has a 50 day moving average price of $0.43 and a 200 day moving average price of $0.59. The company has a market cap of $62.83 million, a price-to-earnings ratio of -0.51 and a beta of 1.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.24 and a current ratio of 2.64.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald decreased their price objective on shares of Markforged from $1.45 to $1.30 and set an “overweight” rating for the company in a research note on Thursday, May 9th.

About Markforged

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.