Materialise NV (MTLS) to Release Quarterly Earnings on Thursday
Materialise NV (NASDAQ:MTLS) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Materialise NV (NASDAQ:MTLS) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $33.61 million for the quarter, compared to analysts’ expectations of $31.90 million. Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) EPS. On average, analysts expect Materialise NV to post $-0.03 EPS for the current fiscal year and $0.2 EPS for the next fiscal year.
MTLS has been the subject of several research reports. Piper Jaffray Companies reiterated a “buy” rating and set a $20.00 price objective on shares of Materialise NV in a research note on Friday, October 13th. Zacks Investment Research lowered Materialise NV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub upgraded Materialise NV from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Credit Suisse Group boosted their price objective on Materialise NV from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Five analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $14.75.
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About Materialise NV
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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