Stratasys Ltd reports results for the quarter ended September 30 - Earnings Summary

• Stratasys Ltd SSYS.OQ reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of six analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -4 cents to -3 cents per share.

• Revenue fell 13.6% to $140.01 million from a year ago; analysts expected $139.49 million.

• Stratasys Ltd's reported EPS for the quarter was a loss of 37 cents​.

• The company reported a quarterly loss of $26.61 million.

• Stratasys Ltd shares had risen by 1.0% this quarter and lost 41.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 163.6% 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 "buy" and the breakdown of recommendations is 5 "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 "buy"

Wall Street's median 12-month price target for Stratasys Ltd is $11.50

This summary was machine generated from LSEG data November 13 at 02:17 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)