Markforged Holding Corp reports results for the quarter ended in September 30 - Earnings Summary

• Markforged Holding Corp MKFG.N reported a quarterly adjusted loss of 46 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -69 cents. The mean expectation of three analysts for the quarter was for a loss of 48 cents per share. Wall Street expected results to range from -52 cents to -45 cents per share.

• Revenue rose 2% to $20.48 million from a year ago; analysts expected $22.54 million.

• Markforged Holding Corp's reported EPS for the quarter was a loss of $1.15​.

• The company reported a quarterly loss of $23.37 million.

• Markforged Holding Corp shares had fallen by 6.5% this quarter and lost 45.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% 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 no "strong buy" or "buy," 3 "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 Markforged Holding Corp is 5.00

This summary was machine generated from LSEG data November 8 at 04:10 a.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)