* Desktop Metal Inc reported a quarterly adjusted loss of 5 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of three analysts for the quarter was for a loss of 6 cents per share.
* Revenue fell 1.7% to $40.60 million from a year ago; analysts expected $40.80 million.
* Desktop Metal Inc's reported EPS for the quarter was a loss of 16 cents.
* The company reported a quarterly loss of $52.1 million.
* Desktop Metal Inc shares had fallen by 4.5% this quarter and gained 11.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 9.1% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* 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 average consensus recommendation for the electronic equipment & parts peer group is also "hold"
Wall Street's median 12-month price target for Desktop Metal Inc is $1.00 This summary was machine generated from LSEG data May 9 at 02:22 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 -0.06 -0.05 Beat
Dec. 31 2023 -0.05 -0.03 Beat
Sep. 30 2023 -0.05 -0.08 Missed
Jun. 30 2023 -0.05 -0.05 Met
Comments