Brokerages Expect Markforged Holding Co. (NYSE:MKFG) Will Announce Earnings of -$0.09 Per Share

Wall Street brokerages expect Markforged Holding Co. (NYSE:MKFGGet Rating) to announce ($0.09) earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Markforged’s earnings, with estimates ranging from ($0.09) to ($0.08). The firm is expected to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Markforged will report full-year earnings of ($0.29) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.28). For the next fiscal year, analysts forecast that the company will report earnings of ($0.20) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Markforged.

Markforged (NYSE:MKFGGet Rating) last posted its earnings results on Tuesday, March 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The business had revenue of $26.64 million for the quarter, compared to analysts’ expectations of $24.70 million.

Separately, Zacks Investment Research downgraded Markforged from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $9.25.

Several institutional investors have recently modified their holdings of MKFG. Bamco Inc. NY acquired a new position in shares of Markforged during the 3rd quarter worth approximately $17,592,000. BlackRock Inc. purchased a new position in Markforged during the third quarter worth about $6,643,000. Cubist Systematic Strategies LLC bought a new stake in shares of Markforged in the third quarter valued at approximately $887,000. Atlantic Private Wealth LLC bought a new stake in Markforged during the 4th quarter worth approximately $1,414,000. Finally, Nikko Asset Management Americas Inc. boosted its stake in shares of Markforged by 37.5% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 5,856,823 shares of the company’s stock valued at $31,627,000 after purchasing an additional 1,596,527 shares in the last quarter. Institutional investors own 54.08% of the company’s stock.

Shares of Markforged stock opened at $2.59 on Thursday. Markforged has a 12 month low of $2.58 and a 12 month high of $11.00. The stock has a 50 day moving average of $3.66 and a 200 day moving average of $4.87.

About Markforged (Get Rating)

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. The company offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. It serves customers in aerospace, military and defense, industrial automation, space exploration, healthcare, and automotive industries.

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