Stratasys Ltd reports results for the quarter ended June 30 - Earnings Summary

• Stratasys Ltd SSYS.OQ reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of five analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 2 cents to 4 cents per share.

• Revenue rose 0% to $138.09 million from a year ago; analysts expected $137.15 million.

• Stratasys Ltd's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $16.75 million.

• Stratasys Ltd shares had fallen by 0.9% this quarter and gained 27.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "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 $14.50, about 21.6% above its last closing price of $11.37

This summary was machine generated from LSEG data August 13 at 01:31 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)