Market Overview

Stratasys Surges on Earnings Beat

Stratasys Surges on Earnings Beat

Stratasys (NASDAQ: SSYS) opens the week on an upswing on word of a very successful fourth quarter.

The Eden Prairie, Minnesota 3D printer manufacturer finished the fourth quarter with an EPS of $0.40, up 33 percent year-over-year. The firm also topped the Wall Street consensus of $0.38 per share.

Revenue climbed 23 percent from Q4 2011 and closed at $96.4 million. On this front, Stratasys blew away analysts' expectations of around $53 million.

Full-year EPS closed at $1.49, rising 58.5 percent from 2011. This figure easily topped the Wall Street consensus of $1.38.

For the year, revenue grew nearly 30 percent and closed at $359 million - 79.5 percent higher than the Wall Street consensus of around $200 million.

Strong 2013 Guidance

Stratasys expects EPS to finish in the $1.80 to $1.95 range in 2013. At the middle-ground of $1.87-$1.88, the firm would top analysts' expectations of $1.86.

The company also expects revenue to come in above the Wall Street consensus. While analysts are looking for approximately $421 million, Stratasys expects to pull in $430 to $445 million.

Clap for Stratasys, Because of Stratasys

In January, Stratasys announced that the “magic arms” WREX exoskeleton device - created by researchers at the Alfred I. duPont Hospital for Children in Philadelphia - has been nominated for the Designs of the Year 2013 awards by London's Design Museum. The device helped a four year-old girl use her arms for the firm time.

Notably, the device was created using a Stratasys Dimension 3D Printer. Thus, if the WREX device ultimately goes on to win, look for some positive news on the company in April - news that could give the stock another boost.

3D Systems Down

The good news for Stratasys doesn't appear to be extending to fellow 3D printer manufacturer 3D Systems Corp. (NYSE: DDD). After gradually climbing into the high $30s and closing near $37 on February 28, the stock has embarked on a backslide. The Rock Hill, South Carolina firm is down for the second day in a row and is back below $36 as of this writing.

3D Systems is down around two percent on Friday.

Market Reaction

After hovering in the $80s from the end of December through most of January, Stratasys dipped back into the $70s before briefly eclipsing the $80 mark again in the second week of February. Since then, it has gradually declined and leveled out in the low-to-mid $60s through Friday.

Now, on word of its successful fourth quarter and 2012 earnings, Stratasys is inching toward the $70 mark again. In the morning hours of trading on Friday, the stock is at its highest point in nearly two weeks as it hovers around the $69 mark.

Stratasys is up approximately seven percent on Friday.

Posted-In: Earnings News Guidance Tech Best of Benzinga


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