Proto Labs Inc (NYSE: PRLB) has reported earnings for its first fiscal quarter (ending March 31) of $0.21 versus $0.10 for the same period a year ago — an increase of 110%. However, this result fell short of the consensus estimate of $0.37 by $-0.16. For the latest four quarters through March 31, E.P.S. were $0.78 versus $-3.91 for the same period a year ago.
Recent Price Action
Proto Labs Inc (NYSE: PRLB) stock declined slightly by -0.2% on 5/3/24. The stock closed at $31.09. Moreover, above average trading volume at 139% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -1.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRLB is expected to be a modest Value Builder.
Proto Labs has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Proto Labs has a neutral Appreciation Score of 48 but a good Power Rating of 83, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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