Proto Labs (NYSE:PRLB) Issues Q4 2024 Earnings Guidance

by · The Cerbat Gem

Proto Labs (NYSE:PRLB – Get Free Report) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.280-0.360 for the period, compared to the consensus EPS estimate of 0.290. The company issued revenue guidance of $115.0 million-$123.0 million, compared to the consensus revenue estimate of $120.0 million. Proto Labs also updated its Q4 guidance to $0.15-0.18 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Proto Labs in a research report on Friday. StockNews.com downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 target price on shares of Proto Labs in a research note on Monday. Finally, Craig Hallum upped their target price on Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Proto Labs currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

Read Our Latest Analysis on Proto Labs

Proto Labs Stock Down 10.9 %

Proto Labs stock traded down $4.14 during trading hours on Monday, reaching $33.86. 782,344 shares of the company’s stock were exchanged, compared to its average volume of 193,234. The firm’s 50 day simple moving average is $28.99 and its 200 day simple moving average is $30.44. Proto Labs has a twelve month low of $25.75 and a twelve month high of $41.87. The firm has a market capitalization of $851.51 million, a PE ratio of 35.78 and a beta of 1.32.

Proto Labs (NYSE:PRLB – Get Free Report) last issued its earnings results on Friday, November 1st. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.32 by $0.15. The company had revenue of $125.60 million during the quarter, compared to the consensus estimate of $121.38 million. Proto Labs had a return on equity of 3.60% and a net margin of 4.86%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. Analysts anticipate that Proto Labs will post 0.7 EPS for the current year.

Insider Activity at Proto Labs

In other Proto Labs news, CEO Robert Bodor bought 3,480 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $28.68 per share, with a total value of $99,806.40. Following the transaction, the chief executive officer now directly owns 80,878 shares in the company, valued at $2,319,581.04. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Proto Labs Company Profile

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Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.

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