Proto Labs (NYSE:PRLB – Get Free Report) will be releasing its earnings data before the market opens on Friday, November 1st. Analysts expect Proto Labs to post earnings of $0.33 per share for the quarter. Proto Labs has set its Q3 guidance at $0.29-0.37 EPS and its Q3 2024 guidance at 0.290-0.370 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Proto Labs (NYSE:PRLB – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The industrial products company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. Proto Labs had a return on equity of 3.60% and a net margin of 4.86%. The company had revenue of $125.60 million for the quarter, compared to the consensus estimate of $126.25 million. During the same quarter in the prior year, the business earned ($0.01) EPS. Proto Labs’s revenue was up 2.7% on a year-over-year basis. On average, analysts expect Proto Labs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Proto Labs Price Performance
Shares of NYSE PRLB opened at $27.60 on Thursday. The stock’s 50-day moving average is $28.95 and its two-hundred day moving average is $30.45. Proto Labs has a 1-year low of $23.03 and a 1-year high of $41.87. The company has a market cap of $694.14 million, a price-to-earnings ratio of 28.75 and a beta of 1.31.
Insider Activity at Proto Labs
Wall Street Analyst Weigh In
Several brokerages have weighed in on PRLB. Needham & Company LLC restated a “hold” rating on shares of Proto Labs in a report on Monday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $44.00 price objective on shares of Proto Labs in a report on Tuesday, July 30th. Finally, StockNews.com cut Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.
Read Our Latest Analysis on PRLB
Proto Labs Company Profile
Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.
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