Stratasys FY24 Outlook: Revenue $630M - $645M Vs. $644.09M Estimate, Adj. EPS $0.12 - $0.19 Vs. $0.26 Estimate, GAAP EPS $(1.24) - $(1.01) Vs, $(0.59) Estimate
Portfolio Pulse from Benzinga Newsdesk
Stratasys projects FY24 revenue between $630M-$645M, below the $644.09M estimate, and adjusted EPS of $0.12-$0.19, under the $0.26 estimate. The company anticipates improvements throughout the year, with a GAAP EPS loss of $(1.24)-$(1.01), worse than the $(0.59) estimate. This outlook assumes no further economic impediments from inflation, high interest rates, or supply chain costs.
March 07, 2024 | 12:43 pm
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NEGATIVE IMPACT
Stratasys forecasts FY24 revenue and adjusted EPS below analyst estimates, with a significant GAAP EPS loss expected.
The projected revenue and adjusted EPS falling below analyst estimates, coupled with a significant anticipated GAAP EPS loss, suggest a cautious outlook for Stratasys. This may lead to negative investor sentiment in the short term, impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100