Xometry (XMTR) Set to Announce Earnings on Thursday

Xometry (NASDAQ:XMTR) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Xometry has set its Q1 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, February 29th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Xometry had a negative return on equity of 17.34% and a negative net margin of 14.56%. The company had revenue of $128.15 million for the quarter, compared to analysts’ expectations of $127.78 million. On average, analysts expect Xometry to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Xometry Stock Performance

XMTR stock opened at $16.39 on Wednesday. Xometry has a one year low of $12.77 and a one year high of $38.74. The firm has a 50-day simple moving average of $17.86 and a two-hundred day simple moving average of $23.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 4.25 and a current ratio of 4.28. The firm has a market cap of $796.23 million, a price-to-earnings ratio of -12.15 and a beta of 0.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XMTR shares. UBS Group decreased their price target on Xometry from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. JMP Securities reissued a “market outperform” rating and issued a $30.00 price target on shares of Xometry in a report on Tuesday, April 23rd. Royal Bank of Canada reduced their price objective on Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a research note on Friday, March 1st. TheStreet lowered Xometry from a “c-” rating to a “d” rating in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group cut their target price on Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.67.

Insider Activity

In related news, COO Peter Goguen sold 3,943 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total value of $69,436.23. Following the transaction, the chief operating officer now owns 197,211 shares of the company’s stock, valued at $3,472,885.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Peter Goguen sold 3,943 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the sale, the chief operating officer now directly owns 197,211 shares of the company’s stock, valued at approximately $3,472,885.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO James M. Rallo sold 5,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total transaction of $154,250.00. Following the sale, the chief financial officer now owns 44,381 shares of the company’s stock, valued at approximately $1,369,153.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,243 shares of company stock worth $247,252. Corporate insiders own 19.23% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.