Wall Street brokerages expect Markforged Holding Co. (NYSE:MKFG – Get 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:MKFG – Get 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.
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.
- Get a free copy of the StockNews.com research report on Markforged (MKFG)
- Corning Stock is a Technology Value Play
- Wolverine Worldwide Is Ready To Rebound
- Anheuser-Busch InBev May Need One More Quarter to Confirm a Buy Signal
- Wendy’s Growth Story Has Come To An End
- Can Six Flags(SIX) or Cedar Fair (FUN) Give Investors a Thrill Later This Year?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Markforged Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markforged and related companies with MarketBeat.com's FREE daily email newsletter.