Stratasys Ltd. (SSYS) Releases FY14 Earnings Guidance
Stratasys Ltd. (NASDAQ:SSYS) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.15-2.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.35, Analyst Ratings Network reports. The company issued revenue guidance of $660-680 million, compared to the consensus revenue estimate of $655.54 million.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, November 7th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.03. The company had revenue of $126.10 million for the quarter, compared to the consensus estimate of $117.13 million. During the same quarter last year, the company posted $0.40 earnings per share. Stratasys’s revenue was up 38.7% compared to the same quarter last year.
SSYS has been the subject of a number of recent research reports. Analysts at RBC Capital initiated coverage on shares of Stratasys in a research note to investors on Monday. They set an outperform rating and a $175.00 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a buy rating on shares of Stratasys in a research note to investors on Monday. They now have a $160.00 price target on the stock, up previously from $140.00. Finally, analysts at FBR Capital Markets raised their price target on shares of Stratasys from $155.00 to $165.00 in a research note to investors on Friday. They now have an outperform rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $133.26.
Stratasys, Inc is a manufacturer of three-dimensional (NASDAQ:SSYS) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets.
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