Proto Labs (PRLB) Beats Q3 Earnings and Revenues

Proto Labs (PRLB) Beats Q3 Earnings and Revenues

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 $2.2 billion market capitalization.

However, Proto Labs faces risks from geopolitical issues and a competitive business environment. Also, uncertain economic conditions or depressed industrial activities as well as adverse foreign currency movements are other concerning factors. Investors are eagerly waiting for the company’s latest earnings report.

Proto Labs’ financial performances were better-than-expected in the four trailing quarters. Average earnings surprise is a positive 9.11%.

Proto Labs, Inc. Price and EPS Surprise

Proto Labs, Inc. Price and EPS Surprise | Proto Labs, Inc. Quote

Currently, PRLB carries a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here . We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Proto Labs’ third-quarter 2017 non-GAAP earnings came in at 56 cents per share. The bottom line result was above the Zacks Consensus Estimate of 52 cents per share.

Revenue: Revenues surpassed. Proto Labs generated revenues of $88.1 million, above the Zacks Consensus Estimate of $85.5 million.

Key Stats to Note: The company recorded 18.5% year-over-year increase in number of unique product developers and engineers served in the quarter.

Stock Price: Proto Labs shares were down 2.84% ahead of the report.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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