3D printing company Stratasys (NASDAQ:SSYS) will be reporting results tomorrow before market hours. Here’s what to look for. Stratasys beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $150.4 million, down 3.8% year on year. It was a mixed quarter for the company, with an impressive 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 6.5% year on year to $134.6 million, a further deceleration from the 3.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.Stratasys Total Revenue 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 five times over the last two years. Looking at Stratasys’s peers in the industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Proto Labs’s revenues decreased 1.3% year on year, beating analysts’ expectations by 2%, and Luxfer reported revenues up 8.5%, topping estimates by 11.9%. Proto Labs traded up 9.2% following the results while Luxfer was also up 7.7%. Read our full analysis of Proto Labs’s results here and Luxfer’s results here. There has been positive sentiment among investors in the industrial machinery segment, with share prices up 15.1% on average over the last month. Stratasys is up 9.1% during the same time and is heading into earnings with an average analyst price target of $14 (compared to the current share price of $9.51). Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. View Comments
Stratasys (SSYS) Reports Earnings Tomorrow: What To Expect
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