Protolabs Q2 Outlook: Expects Revenue Of $122M-$130M Vs. $128.256M Consensus; Sees Adj. EPS Of $0.30-$0.38 Vs. $0.39 Consensus
Portfolio Pulse from Benzinga Newsdesk
Protolabs expects Q2 2024 revenue to be between $122M-$130M, below the consensus of $128.256M. Adjusted EPS is forecasted to be $0.30-$0.38, under the consensus of $0.39.
May 03, 2024 | 10:09 am
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Protolabs' Q2 2024 revenue and adjusted EPS forecasts are below market consensus, indicating potential short-term pressure on its stock.
Protolabs' projected revenue and adjusted EPS for Q2 2024 are both below the consensus estimates, which can lead to negative investor sentiment and potentially decrease the stock price in the short term. The company's guidance directly impacts its valuation, and missing consensus forecasts is often viewed negatively by the market.
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RELEVANCE 100