Proto Labs, Inc. (PRLB) specializes in manufacturing custom parts for prototyping and short-run production. The company has a strong product-line, with new introductions likely to capture a greater market share. Demands for its services are high among product developers using three-dimensional computer-aided design to develop products across a diverse range of end-markets. It currently has a $1.5 billion market capitalization.
However, demand for prototypes is largely influenced by economic activities of the countries served by the company. The fourth quarter of 2014 was a difficult quarter, as uncertainties loomed globally and impacted industrial activities severely in many countries. In addition, Proto Labs’ huge international exposure creates severe headwinds related to foreign currency movements. Investors are eagerly waiting for the company’s latest earnings report.
Proto Labs’ earnings track record has been quite satisfactory in the past few quarters. The company posted better-than-expected results in three out of four trailing quarters, with an average earnings surprise of +3.69%.
Currently, PRLB has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Proto Labs’ adjusted earnings came in at 39 cents per share in fourth-quarter of 2014. The bottom line result was above the Zacks Consensus Estimate of 37 cents per share.
Revenue: Revenues surpassed. Proto Labs generated revenues of $56.1 million, above the Zacks Consensus Estimate of $55 million.
Key Stats to Note: Revenue generation from the Fineline assets increased 48% over the year-ago tally. Also, the company recorded 40% increase in number of unique product developers and engineers served.
Stock Price: Proto Labs shares were down 5.28% ahead of the report while no movement has been recorded in the pre-market trading session.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment