Stratasys Earnings Preview: What to Watch on Tuesday
Stratasys Ltd. (NASDAQ: SSYS) is slated to report its third-quarter 2017 earnings before the market opens on Tuesday, Nov. 14.
The diversified 3D printing company is going into its report with its stock up 23.6% in 2017, through Friday, versus the S&P 500's 17.3% return. Shares of prime rival 3D Systems (NYSE: DDD) are down 34% for the period.
Given Stratasys stock's outperformance and 3D Systems' poor third-quarter earnings released on Oct. 31, the market is likely primed to thrash the stock if the company posts weaker-than-expected earnings and/or lowers its full-year 2017 guidance. Investors sent shares of 3D Systems plunging to a closing loss of 24% following its worse-than-expected results and withdrawal of 2017 guidance.
Source: Fool.com
Stratasys Inc. Stock
With 54 Buy predictions and 2 Sell predictions Stratasys Inc. is one of the favorites of our community.
With a target price of 10 € there is a slightly positive potential of 15.05% for Stratasys Inc. compared to the current price of 8.69 €.
