Stratasys Earnings: Will Cathie Wood's Stock Dump Timing Prove Smart?
Stratasys (NASDAQ: SSYS) is slated to report its second-quarter results before the market opens on Aug. 3. At this point, it appears that the 3D printing company's report will precede that of rival 3D Systems, which hasn't yet announced a date for its next earnings release.
Investors will probably be approaching Stratasys' upcoming report with somewhat equal doses of optimism and caution. On the positive side, the company has made good progress in improving its results following the earlier stages of the pandemic, which significantly hurt its sales to the industrial sector. Moreover, last quarter, it easily beat analysts' consensus estimates for both revenue and earnings. That pleased investors enough to send its shares up by 11.6%.
However, warning signs that the U.S. economy could slide into a recession this year or next year have been intensifying. So investors are probably concerned about the effects the challenging macroeconomic environment could have on Stratasys' results over the short and medium terms. That's why the company's guidance should be even more important than usual this time.
Source Fool.com
