Markforged Holding Co. (NYSE:MKFG) Expected to Announce Earnings of -$0.09 Per Share

Equities research analysts expect Markforged Holding Co. (NYSE:MKFG – Get Rating) to report earnings per share (EPS) of ($0.09) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Markforged’s earnings, with estimates ranging from ($0.09) to ($0.08). The company is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Markforged will report full year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.28). For the next financial year, analysts forecast that the firm will report earnings of ($0.20) per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Markforged.

Markforged (NYSE:MKFG – Get Rating) last issued its quarterly earnings data on Tuesday, March 15th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $26.64 million for the quarter, compared to analysts’ expectations of $24.70 million.

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

Shares of NYSE:MKFG opened at $3.70 on Thursday. Markforged has a twelve month low of $2.95 and a twelve month high of $11.00. The business’s 50 day moving average is $3.88.

Several institutional investors have recently made changes to their positions in the company. ARK Investment Management LLC increased its holdings in shares of Markforged by 30.4% in the 1st quarter. ARK Investment Management LLC now owns 14,580,760 shares of the company’s stock valued at $58,177,000 after acquiring an additional 3,398,481 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Markforged in the 4th quarter worth about $173,000. Deutsche Bank AG purchased a new stake in shares of Markforged in the 4th quarter worth about $34,000. California State Teachers Retirement System purchased a new stake in shares of Markforged in the 4th quarter worth about $213,000. Finally, Belpointe Asset Management LLC purchased a new position in Markforged in the 4th quarter valued at about $113,000. 47.41% of the stock is currently owned by institutional investors and hedge funds.

Markforged Company Profile (Get Rating)

Markforged Holding Corporation designs, develops, and manufactures industrial 3D printers. The company offers end-to-end metal and carbon fiber 3D printers; 3D printer for continuous fiberglass reinforced parts; refined FFF 3D printer for micro carbon fiber filled nylon parts; fiber composite 3D printer; and FFF desktop 3D printer for micro carbon fiber filled nylon parts.

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