PRLB Earnings Prediction
The chart below shows how PRLB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PRLB sees a +2.20% change in stock price 10 days leading up to the earnings, and a +1.20% change 10 days following the report. On the earnings day itself, the stock moves by +3.36%. This data can give you a slight idea of what to expect for the next quarter's release.
PRLB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
125.63M
2.75%
-1.77%
Gross Margin
45.01%
3.59%
0.18%
Operating Margin
4.78%
2.36%
-10.49%
Net Margin
3.61%
1264.52%
-12.38%
EPS
0.18
1900.00%
-10.00%
No Data Available
PRLB Earnings Analysis
Proto Labs Inc Corporation (PRLB.N) Earnings Conference Call
Positive
Revenue and Earnings Growth: Proto Labs' first half 2024 revenue grew 2% year over year, while non-GAAP earnings per share increased by 25%.
Network Revenue Growth: In the second quarter of 2024, Proto Labs network revenue rose by 22.7% in constant currencies, demonstrating strong growth in this segment.
Customer Adoption Surge: The number of customers utilizing Proto Labs' comprehensive offer increased by over 50% year over year, indicating strong customer adoption and engagement.
Gross Margin Improvement: Second quarter non-GAAP gross margin improved to 45.7%, reflecting a 10 basis point increase sequentially, showcasing enhanced profitability.
Strong Cash Generation: Cash flow from operations was $14.4 million, and the company repurchased $10.9 million of common shares during the quarter, highlighting strong cash generation and commitment to returning capital to shareholders.
Negative
Sequential Net Income Decline: Second quarter non GAAP diluted net income per share was $0.38, down $0.02 compared to the first quarter of twenty twenty four, indicating a sequential decline due to lower volume.
Injection Molding Revenue Stagnation: Second quarter injection molding revenue was flat year over year, with smaller prototype orders declining, suggesting stagnation in a key revenue segment.
Customer Ordering Trends: Customer ordering patterns softened in June and continued in July, reflecting a challenging macro environment and leading to a cautious outlook for the third quarter.
Manufacturing PMI Decline: The U.S. Manufacturing PMI in July hit an eight-month low, indicating deeper contraction in manufacturing activity, which negatively impacts Proto Labs' growth potential.
Third Quarter Revenue Guidance: The guidance for third quarter revenue is projected between $117 million and $125 million, reflecting a more pronounced challenging operating environment than previously experienced.
PRLB FAQs
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PRLB Earning Call Sentiment
Earnings call transcript: Proto Labs Q2 2024 beats EPS forecasts, shares rise
PRLB.N
1.11%Positive
The earnings call summary and Q&A session reveal mixed financial performance with slight growth in revenue and gross margins, but challenges in customer demand and macroeconomic factors. The reorganization aims to improve efficiency, but its impact is uncertain. Share repurchase is a positive sign, but hesitancy in orders and competitive pressures are concerning. The guidance indicates a slight decline in gross margins, and management avoided specifics on key issues. Overall, the sentiment leans negative due to uncertainties and macro challenges.
