3D printer maker Stratasys (SSYS) is expected to post its fourth straight quarter of decelerating revenue growth when the company reports Q2 earnings before the open Thursday. The consensus revenue estimate among analysts polled by Thomson Reuters is $156.6 million, up 47% from the year-earlier quarter. That follows 55% growth in Q1, 118% in Q4 2013 and 153% in Q3 2013. Analysts expect earnings per share minus items of 45 cents, the same as in Q2
Stratasys’ (SSYS) outlook for high-end machine and consumable print material and service sales are upbeat, according to a Monday daily investor note on the 3D printer maker by Canaccord Genuity. “We reiterate our buy rating for Stratasys following a meeting with (Stratasys) director of investor relations Shane Glenn at the company’s U.S. headquarters,” said the note by analysts Bobby Burleson and Prabhakar Gowrisankaran. “We left the meeting
Citing rising adoption of 3D printers, Cowen & Co. on Tuesday initiated coverage of Stratasys (SSYS) stock with an outperform rating and a price target of 150. Stratasys stock was flat in early afternoon trading in the stock market today, near 104. Cowen said the maker of 3D desktop printers and additive manufacturing systems will likely benefit from wider adoption of the technology by product makers for prototyping as well as direct parts, and