Proto Labs, Inc. (PRLB - Free Report) specializes in manufacturing custom parts for prototyping and short-run production. It is poised to gain from favorable market trends, including constant innovation of products, rising usage of Internet-of-Things devices and growing demand for personalized products (especially in healthcare, retail and financial services markets). Also, the company constantly endeavours to expand business geographically, add new customers, develop new manufacturing processes and offer improvised products.
However, PRLB 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 are other concerning factors. Investors are eagerly waiting for the company’s latest earnings report.
PRLB's financial performances were impressive in the last four trailing quarters. Its average earnings surprise is a positive 4.06%.
Currently, PRLB carries a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PRLB's second-quarter 2018 non-GAAP earnings came in at 73 cents per share, in line with the Zacks Consensus Estimate.
Revenue: Revenues miss. Proto Labs generated revenues of $109.7 million, below the Zacks Consensus Estimate of $110 million.
Key Stats to Note: PRLB generated $33 million cash from operations during the reported quarter. The company intends to finance new investment programs with this cash.
Stock Price: Share price of PRLB did not change on a pre-market trading basis.
As of Jul 25, 2018, PRLB’s closed the trading session at $137.25 per share.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>