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 $1.6 billion market capitalization.
However, demand for prototypes is largely influenced by economic activities of the countries served by the company. In third-quarter 2015, weak oil prices, unfavourable foreign currency movements, struggling Chinese economy and political unrest in some emerging nations continue to act as prime headwinds. Such negatives are likely to influence demand for Proto Labs’ custom parts. Investors are eagerly waiting for the company’s latest earnings report.
Proto Labs’ earnings track record has been mixed in the past few quarters. The company posted better-than-expected results in two out of four trailing quarters, with an average earnings surprise of +0.15%.
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 (non-GAAP EPS minus stock-based compensation expense) came in at 48 cents per share in third-quarter of 2015. The bottom line result was below the Zacks Consensus Estimate of 49 cents per share.
Revenue: Revenues marginally surpassed. Proto Labs generated revenues of $67.8 million, slightly above the Zacks Consensus Estimate of $67 million.
Key Stats to Note: Revenue generation from the Fineline assets increased 79% over the year-ago tally. Also, the company recorded 24.2% increase in number of unique product developers and engineers served.
Stock Price: Proto Labs shares were down 1.6% ahead of the report while no movement has been recorded in the pre-market trading session.
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