Stratasys (SSYS) Reports Q2 Loss, Lags Revenue Estimates

Company Performance - Stratasys reported a quarterly loss of $0.04 per share, matching the Zacks Consensus Estimate, compared to earnings of $0.04 per share a year ago [1] - The company posted revenues of $138.04 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 6.78%, and down from $159.75 million year-over-year [1] - Over the last four quarters, Stratasys has surpassed consensus EPS estimates just once and topped consensus revenue estimates only once [1] Stock Movement and Outlook - Stratasys shares have declined approximately 46.2% since the beginning of the year, contrasting with the S&P 500's gain of 17.2% [2] - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [2][3] Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $165.07 million, and for the current fiscal year, it is $0.14 on revenues of $631.49 million [4] - The Zacks Industry Rank for Computer - Peripheral Equipment is in the top 4% of over 250 Zacks industries, indicating a favorable outlook for the sector [5]