Proto Labs (NYSE:PRLB) Updates Q2 2024 Earnings Guidance

Proto Labs (NYSE:PRLB) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.300-0.380 for the period, compared to the consensus estimate of 0.390. The company issued revenue guidance of $122.0 million-$130.0 million, compared to the consensus revenue estimate of $128.3 million. Proto Labs also updated its Q2 guidance to $0.30-0.38 EPS.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Proto Labs from a buy rating to a strong-buy rating in a research report on Friday, February 2nd.

Proto Labs Stock Down 0.2 %

PRLB stock traded down $0.05 on Friday, reaching $31.09. 200,868 shares of the company’s stock were exchanged, compared to its average volume of 157,248. The stock has a fifty day moving average of $34.12 and a 200-day moving average of $34.61. The firm has a market cap of $794.66 million, a PE ratio of 46.48 and a beta of 1.36. Proto Labs has a twelve month low of $23.01 and a twelve month high of $41.87.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The company had revenue of $125.10 million during the quarter, compared to analysts’ expectations of $122.81 million. Proto Labs had a net margin of 3.42% and a return on equity of 2.51%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($4.24) EPS. On average, equities research analysts predict that Proto Labs will post 0.94 EPS for the current fiscal year.

Proto Labs Company Profile

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.