Can Stratasys (SSYS) Pull A Surprise This Earnings Season?
Zacks Investment Research | Aug 07, 2017 08:28AM ET
Stratasys Ltd. (NASDAQ:SSYS) is set to report second-quarter 2017 results on Aug 9. Last quarter, the company posted in-line earnings. Let's see how things are shaping up prior to this announcement.
Factors at Play
Stratasys reported modest first-quarter results, wherein the top and bottom lines came in line with the respective Zacks Consensus Estimate. The bottom-line results, which displayed year-over-year improvement, were also encouraging.
The seeds which Stratasys sowed four years ago have finally started to yield results for the company. It recently announced obtaining a contract to manufacture flight parts for Airbus’ A350 XWB aircraft.
Stratasys announced that Airbus has selected its wholly owned subsidiary – Stratasys Direct Manufacturing – to produce 3D printed non-structural polymer parts, such as brackets, and other parts used for system installation, for the aforementioned aircraft. We believe that the company’s portfolio of innovative products will help it generate incremental sales over the long run.
In a move to further strengthen presence in New Zealand, Stratasys Asia Pacific, a subsidiary of Stratasys had also recently entered into a partnership with Ricoh New Zealand Ltd. (Ricoh New Zealand), a subsidiary of Ricoh Company, Ltd. Japan. The collaboration will cater to the demand for 3D printing solutions in the region.
It seems that Stratasys’ turnaround strategies, which include launching innovative products, strategic partnerships and acquisitions, along with improving cost efficiencies, are paying off. These initiatives will help Stratasys to gain more market share as the prospect of 3D printing industry appears bright.
Stratasys, Ltd. Price and EPS Surprise
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