Proto Labs (PRLB) Beats Q2 Earnings and Revenue - Tale of the Tape
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 $1.8 billion market capitalization.
However, demand for prototypes is largely influenced by economic activities of the countries served by the company. In second-quarter 2015, lingering impact of lower oil prices, strengthening U.S. dollar against major foreign currencies, struggling Chinese economy and political unrest in some emerging nations continue to act as prime headwinds. Industrial production in the U.S. declined 1.4% over the year-ago tally. 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 +1.65%.
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 50 cents per share in second-quarter of 2015. The bottom line result was above the Zacks Consensus Estimate of 44 cents per share.
Revenue: Revenues marginally surpassed. Proto Labs generated revenues of $64 million, slightly above the Zacks Consensus Estimate of $63 million.
Key Stats to Note: Revenue generation from the Fineline assets increased 86% over the year-ago tally. Also, the company recorded 28% increase in number of unique product developers and engineers served.
Stock Price: Proto Labs shares were up 1.2% ahead of the report while no movement has been recorded in the pre-market trading session.
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PROTO LABS INC (PRLB): Free Stock Analysis Report
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