Proto Labs, Inc. (PRLB) specializes in manufacturing custom parts for prototyping and short-run production. The company has a strong product-line, with new introductions likely to capture a greater market share. Demands for its services are high among product developers using three-dimensional computer-aided design to develop products across a diverse range of end-markets. It currently has a $1.6 billion market capitalization.
However, Proto Labs faces risks from geopolitical issues and a competitive business environment. Also, uncertain economic conditions or depressed industrial activities as well as adverse foreign currency movements can severely impact its financials. Investors are eagerly waiting for the company’s latest earnings report.
Proto Labs’ earnings track record has been mixed in the past few quarters. The company posted better-than-expected results in two out of four trailing quarters while lagged behind expectations in two. Average earnings surprise was a positive 0.60%.
Currently, PRLB has a Zacks Rank #2 (Buy), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Proto Labs’ second-quarter 2016 non-GAAP earnings came in at 45 cents per share or roughly 40 cents per share including stock-based compensation expense. The bottom line result of 40 cents was below the Zacks Consensus Estimate of 45 cents per share.
Revenue: Revenues missed. Proto Labs generated revenues of $75 million, below the Zacks Consensus Estimate of $77.3 million.
Key Stats to Note: Revenue generation from the Fineline assets increased 67% over the year-ago tally. Also, the company recorded 14% increase in number of unique product developers and engineers served.
Stock Price: Proto Labs shares were up 1.12% ahead of the report while no movement has been recorded in the pre-market trading session.
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Proto Labs (PRLB) Misses Q2 Earnings and Revenue
Proto Labs, Inc. (PRLB) specializes in manufacturing custom parts for prototyping and short-run production. The company has a strong product-line, with new introductions likely to capture a greater market share. Demands for its services are high among product developers using three-dimensional computer-aided design to develop products across a diverse range of end-markets. It currently has a $1.6 billion market capitalization.
However, Proto Labs faces risks from geopolitical issues and a competitive business environment. Also, uncertain economic conditions or depressed industrial activities as well as adverse foreign currency movements can severely impact its financials. Investors are eagerly waiting for the company’s latest earnings report.
Proto Labs’ earnings track record has been mixed in the past few quarters. The company posted better-than-expected results in two out of four trailing quarters while lagged behind expectations in two. Average earnings surprise was a positive 0.60%.
PROTO LABS INC Price and EPS Surprise
PROTO LABS INC Price and EPS Surprise | PROTO LABS INC Quote
Currently, PRLB has a Zacks Rank #2 (Buy), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Proto Labs’ second-quarter 2016 non-GAAP earnings came in at 45 cents per share or roughly 40 cents per share including stock-based compensation expense. The bottom line result of 40 cents was below the Zacks Consensus Estimate of 45 cents per share.
Revenue: Revenues missed. Proto Labs generated revenues of $75 million, below the Zacks Consensus Estimate of $77.3 million.
Key Stats to Note: Revenue generation from the Fineline assets increased 67% over the year-ago tally. Also, the company recorded 14% increase in number of unique product developers and engineers served.
Stock Price: Proto Labs shares were up 1.12% ahead of the report while no movement has been recorded in the pre-market trading session.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>