Stratasys Ltd reports results for the quarter ended December 31 - Earnings Summary

• Stratasys Ltd SSYS.OQ reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of five analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 9 cents to 12 cents per share.

• Revenue fell 3.8% to $150.36 million from a year ago; analysts expected $149.60 million.

• Stratasys Ltd's reported EPS for the quarter was a loss of 59 cents​.

• The company reported a quarterly loss of $41.94 million.

• Stratasys Ltd shares had risen by 19.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Stratasys Ltd is $13.50

This summary was machine generated from LSEG data March 5 at 06:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)