Stratasys (NASDAQ:SSYS) Releases FY24 Earnings Guidance

Stratasys (NASDAQ:SSYS) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $0.01-$0.05 for the period, compared to the consensus EPS estimate of $0.15. The company issued revenue guidance of $570-$580 million, compared to the consensus revenue estimate of $631.62 million. Stratasys also updated its FY 2024 guidance to 0.010-0.050 EPS.

Analyst Ratings Changes

A number of research firms have issued reports on SSYS. Craig Hallum reduced their target price on shares of Stratasys from $16.00 to $14.00 and set a buy rating for the company in a research note on Monday, July 1st. Lake Street Capital reduced their price objective on shares of Stratasys from $15.00 to $11.00 and set a buy rating for the company in a research note on Friday. Cantor Fitzgerald reduced their price target on Stratasys from $23.00 to $12.00 and set an overweight rating for the company in a research report on Friday. StockNews.com began coverage on Stratasys in a research note on Sunday, August 25th. They set a buy rating for the company. Finally, Needham & Company LLC cut their price objective on Stratasys from $12.00 to $10.00 and set a buy rating on the stock in a research note on Friday. Five analysts have rated the stock with a buy rating, According to MarketBeat, Stratasys has an average rating of Buy and a consensus target price of $11.75.

Stratasys Trading Down 0.7 %

Shares of NASDAQ SSYS opened at $6.87 on Friday. The firm has a market capitalization of $478.56 million, a price-to-earnings ratio of -3.75 and a beta of 1.21. The business has a fifty day simple moving average of $8.20 and a 200 day simple moving average of $9.73. Stratasys has a one year low of $6.05 and a one year high of $15.03.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Wednesday, May 29th. The technology company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). Stratasys had a negative net margin of 20.38% and a negative return on equity of 2.68%. The business had revenue of $144.05 million for the quarter, compared to analyst estimates of $147.53 million. On average, research analysts anticipate that Stratasys will post -0.28 earnings per share for the current fiscal year.

Stratasys Company Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.