3D printer provider Markforged (NYSE:MKFG) is expected to be reporting earnings this Tuesday after market close. Here’s what to expect.
Markforged met analysts’ revenue expectations last quarter, reporting revenues of $22.37 million, down 7.4% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Markforged a buy or sell going into earnings? Read our full analysis here, it’s free.
Markforged Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Markforged has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Markforged’s peers in the industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Graham Corporation delivered year-on-year revenue growth of 20.9%, beating analysts’ expectations by 6.6%, and Donaldson reported revenues up 1.3%, falling short of estimates by 0.8%. Graham Corporation traded up 10.3% following the results while Donaldson’s stock price was unchanged.
Read our full analysis of Graham Corporation’s results here and Donaldson’s results here.
There has been positive sentiment among investors in the industrial machinery segment, with share prices up 6.9% on average over the last month. during the same time.
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