Earnings Outlook For Proto Labs
Portfolio Pulse from Benzinga Insights
Proto Labs (NYSE:PRLB) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $0.30. The company's past performance shows a pattern of beating EPS estimates. However, the share price has generally dropped after earnings releases. The stock was trading at $32.27 as of August 2, with a 31.54% decrease over the last 52-week period.
August 04, 2023 | 2:09 pm
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NEGATIVE IMPACT
Proto Labs is expected to report an EPS of $0.30 in its upcoming earnings release. Despite beating EPS estimates in the past, the company's share price has typically dropped after earnings releases.
Proto Labs has a history of beating EPS estimates, which is generally a positive signal. However, the company's share price has typically dropped after earnings releases, indicating that the market may not have reacted positively to the earnings beats. Given this pattern, it is likely that the share price may drop again after the upcoming earnings release, hence the negative score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100