FY2024 EPS Estimates for Stratasys Boosted by Zacks Research

Stratasys Ltd. (NASDAQ:SSYS) – Zacks Research upped their FY2024 earnings per share (EPS) estimates for Stratasys in a research report issued on Wednesday, December 4th. Zacks Research analyst R. Department now expects that the technology company will earn ($0.36) per share for the year, up from their previous forecast 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.

Other research analysts have also issued reports about the company. Needham & Company LLC upped their target price on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Craig Hallum increased their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Loop Capital lowered their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald lowered their price objective on Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, StockNews.com lowered Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Price Performance

Shares of SSYS stock opened at $10.16 on Monday. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $14.93. The stock’s 50-day moving average is $8.31 and its two-hundred day moving average is $8.18. The firm has a market cap of $725.22 million, a P/E ratio of -7.70 and a beta of 1.31.

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

Institutional Trading of Stratasys

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in Stratasys during the 3rd quarter valued at approximately $90,000. Stifel Financial Corp boosted its stake in Stratasys by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after purchasing an additional 4,600 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Stratasys in the 3rd quarter worth approximately $210,000. Values First Advisors Inc. lifted 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 acquiring an additional 11,254 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Stratasys in the 3rd quarter worth approximately $322,000. Institutional investors own 75.77% of the company’s stock.

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.