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Why Materialise NV (MTLS) Could Be Positioned for a Surge?

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Materialise NV (MTLS - Free Report) is a provider of Additive Manufacturing software solutions and sophisticated 3D printing services, that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MTLS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Materialise NV could be a solid choice for investors.

Current Quarter Estimates for MTLS

In the past 30 days, Materialise NV’s trend has been pretty favorable, with estimates increasing from a loss of 1 cent a share 30 days ago, to breakeven level today.

Current Year Estimates for MTLS

Meanwhile, Materialise NV’s current year figures are also looking quite promising. The consensus estimate trend has seen a boost for this time frame, narrowing from a loss of 7 cents per share 30 days ago to a loss of 6 cents per share today, an increase of 14.3%.

MATERIALISE NV Price and Consensus

 

MATERIALISE NV Price and Consensus | MATERIALISE NV Quote

Bottom Line

The stock has also started to move higher lately, adding 24.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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