Proto Labs Inc is a leading digital manufacturing company that specializes in rapid prototyping and low-volume production services
Utilized by engineers and designers, the company leverages advanced technology and automated processes to create custom parts and products quickly and efficiently. Offering a range of services including 3D printing, CNC machining, and injection molding, Proto Labs serves various industries such as aerospace, automotive, and medical, providing clients with the tools to accelerate their product development cycles and bring innovations to market faster.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates),
and the industry has underperformed the market over the past six months as its 2.8% return lagged the S&P 500 by 5.3 percentage points.
Manufacturing services provider Proto Labs (NYSEPRLB) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 2.6% year on year to $121.8 million. On the other hand, next quarter’s revenue guidance of $124 million was less impressive, coming in 1.1% below analysts’ estimates. Its non-GAAP profit of $0.38 per share was 18.8% above analysts’ consensus estimates.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Desktop Metal (NYSEDM) and the rest of the custom parts manufacturing stocks fared in Q2.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Stratasys (NASDAQSSYS) and the rest of the custom parts manufacturing stocks fared in Q3.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at custom parts manufacturing stocks, starting with Proto Labs (NYSEPRLB).
Proto Labs’s 34.3% return over the past six months has outpaced the S&P 500 by 21.5%, and its stock price has climbed to $42.81 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the custom parts manufacturing industry, including Desktop Metal (NYSEDM) and its peers.
Manufacturing services provider Proto Labs (NYSEPRLB) reported Q3 CY2024 results topping the market’s revenue expectations, but sales fell 3.9% year on year to $125.6 million. On the other hand, the company expects next quarter’s revenue to be around $119 million, slightly below analysts’ estimates. Its non-GAAP profit of $0.47 per share was also 46% above analysts’ consensus estimates.
