FY2024 EPS Estimates for Stratasys Boosted by Zacks Research

Stratasys Ltd. (NASDAQ:SSYS) – Zacks Research lifted their FY2024 earnings per share estimates for shares of Stratasys in a research report issued on Wednesday, December 4th. Zacks Research analyst R. Department now forecasts that the technology company will earn ($0.36) per share for the year, up from their prior estimate of ($0.43). The consensus estimate for Stratasys’ current full-year earnings is ($0.40) per share. Zacks Research also issued estimates for Stratasys’ Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.07) EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.43 EPS and FY2026 earnings at $1.55 EPS.

Stratasys (NASDAQ:SSYS) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. During the same period in the prior year, the firm posted ($0.05) EPS. Stratasys’s quarterly revenue was down 13.6% compared to the same quarter last year.

SSYS has been the subject of a number of other reports. Craig Hallum raised their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Cantor Fitzgerald dropped their price target on Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Needham & Company LLC raised their price target on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Loop Capital dropped their price target on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Finally, Lake Street Capital dropped their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Trading Down 0.6 %

Shares of SSYS opened at $10.16 on Monday. The stock has a 50 day simple moving average of $8.31 and a 200-day simple moving average of $8.18. Stratasys has a 1 year low of $6.05 and a 1 year high of $14.93. The stock has a market cap of $725.22 million, a PE ratio of -7.70 and a beta of 1.31.

Institutional Investors Weigh In On Stratasys

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Stratasys in the 3rd quarter valued at $90,000. Stifel Financial Corp boosted its position in shares of Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after purchasing an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Stratasys in the 3rd quarter worth $210,000. Values First Advisors Inc. boosted its position in shares of Stratasys by 51.3% in the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after purchasing an additional 11,254 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Stratasys in the 3rd quarter worth $322,000. 75.77% of the stock is owned by institutional investors and hedge funds.

About Stratasys

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.