Markforged (MKFG) Scheduled to Post Quarterly Earnings on Wednesday

Markforged (NYSE:MKFG) is set to announce its earnings results 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.Investors that wish to register for the company’s conference call can do so using this link.

Markforged (NYSE:MKFG) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. Markforged had a negative net margin of 110.43% and a negative return on equity of 25.97%. The business had revenue of $24.17 million during the quarter, compared to analyst estimates of $20.95 million. During the same quarter last year, the firm posted ($0.06) earnings per share. 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 2.2 %

Shares of Markforged stock opened at $0.64 on Monday. Markforged has a 52-week low of $0.50 and a 52-week high of $2.30. The company has a 50 day moving average of $0.70 and a 200 day moving average of $0.73.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $1.45 price target 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.