Markforged (MKFG) Scheduled to Post Earnings on Wednesday

Markforged (NYSE:MKFG) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Markforged has set its FY 2024 guidance at -0.220–0.190 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Markforged (NYSE:MKFG) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $24.17 million during the quarter, compared to the consensus estimate of $20.95 million. Markforged had a negative return on equity of 25.97% and a negative net margin of 110.43%. During the same quarter in the previous year, the business earned ($0.06) EPS. On average, analysts expect Markforged to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Markforged Trading Up 4.7 %

MKFG stock opened at $0.62 on Wednesday. Markforged has a 52-week low of $0.50 and a 52-week high of $2.30. The business has a 50-day simple moving average of $0.70 and a two-hundred day simple moving average of $0.74.

Analyst Ratings Changes

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $1.45 target price on shares of Markforged in a research note on Wednesday, February 28th.

Markforged Company Profile

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.