* Desktop Metal Inc is expected to show a fall in quarterly revenue when it reports results on May 9 for the period ending March 31 2024
* The Burlington Massachusetts-based company is expected to report a 1.2% decrease in revenue to $40.8 million from $41.32 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.
* LSEG's mean analyst estimate for Desktop Metal Inc is for a loss of 6 cents per share.
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts had fallen by about 11.1% in the last three months.
* Wall Street's median 12-month price target for Desktop Metal Inc is $1.00, above its last closing price of $0.79.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 -0.06 -0.05 -0.03 Beat 40
Sep. 30 2023 -0.05 -0.05 -0.08 Missed -60
Jun. 30 2023 -0.05 -0.05 -0.05 Met 6.7
Mar. 31 2023 -0.08 -0.08 -0.08 Met 1.2
Dec. -0.09 -0.09 -0.07 Beat 18.8
31 2022
Jan. 1 0001 -0.08 -0.08 -0.10 Missed -25.8
Jun. 30 2022 -0.12 -0.10 -0.10 Met 3.2
Mar. 31 2022 -0.13 -0.13 -0.14 Missed -11.1
This summary was machine generated May 7 at 13:25 GMT. 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)
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