What To Expect From Stratasys’s (SSYS) Q3 Earnings

3D printing company Stratasys (NASDAQ:SSYS) will be reporting results this Thursday before market hours. Here’s what to expect.

Stratasys beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $138.1 million, flat year on year. It was a softer quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ adjusted operating income estimates.

Is Stratasys a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Stratasys’s revenue to decline 2.4% year on year to $136.6 million, improving from the 13.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Stratasys has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Stratasys’s peers in the industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Proto Labs delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 1.1%, and 3D Systems reported a revenue decline of 19.2%, falling short of estimates by 2.5%. Proto Labs’s stock price was unchanged after the resultsand 3D Systems’s price followed a similar reaction.

Read our full analysis of Proto Labs’s results here and 3D Systems’s results here.

Investors in the industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. Stratasys is down 11.7% during the same time and is heading into earnings with an average analyst price target of $13.33 (compared to the current share price of $9.60).

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