FY2024 EPS Estimates for Stratasys Raised by Zacks Research

Stratasys Ltd. (NASDAQ:SSYS) – Equities research analysts at Zacks Research lifted their FY2024 EPS estimates for shares of Stratasys in a research note issued on Wednesday, December 4th. Zacks Research analyst R. Department now anticipates 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.

Stratasys (NASDAQ:SSYS) last issued its quarterly 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 net margin of 16.13% and a negative return on equity of 3.75%. The company had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was down 13.6% on a year-over-year basis.

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

Stratasys Trading Up 6.5 %

Shares of SSYS stock opened at $10.22 on Monday. The company has a market cap of $729.50 million, a P/E ratio of -7.74 and a beta of 1.31. The firm has a fifty day moving average price of $8.31 and a 200 day moving average price of $8.18. Stratasys has a 12 month low of $6.05 and a 12 month high of $14.93.

Institutional Trading of Stratasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RPG Investment Advisory LLC lifted its holdings in Stratasys by 29.6% in the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock valued at $5,485,000 after acquiring an additional 150,891 shares during the period. Rubric Capital Management LP increased its holdings in Stratasys by 18.2% in the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock valued at $50,077,000 after buying an additional 918,703 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Stratasys by 22.2% during the 2nd quarter. ARK Investment Management LLC now owns 642,632 shares of the technology company’s stock valued at $5,392,000 after acquiring an additional 116,912 shares during the period. State of Michigan Retirement System boosted its stake in shares of Stratasys by 17.2% during the 2nd quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company’s stock worth $6,859,000 after acquiring an additional 120,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Stratasys by 510.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock worth $563,000 after acquiring an additional 56,699 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

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.