Proto Labs (PRLB) Beats on Q1 Earnings and Revenues

Proto Labs, Inc. PRLB specializes in manufacturing custom parts for prototyping and short-run production. It is poised to gain from favorable market trends, including constant innovation of products, rising usage of Internet-of-Things devices and growing demand for personalized products (especially in healthcare, retail and financial services markets). Also, the company constantly endeavours to expand business geographically, add new customers, develop new manufacturing processes and offer improvised products. It currently has approximately $3.2 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 impressive in the last four trailing quarters. Its average earnings surprise is a positive 6.67%.    

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 (Strong Buy) Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Proto Labs’ first-quarter 2018 non-GAAP earnings came in at 71 cents per share. The bottom line result was above the Zacks Consensus Estimate of 69 cents per share.

Revenue: Revenues surpassed. Proto Labs generated revenues of $107.7 million, above the Zacks Consensus Estimate of $104.2 million.

Key Stats to Note: The company recorded 22% year-over-year increase in number of engineers and unique product developers served in the first quarter.

Stock Price: Proto Labs shares were up roughly 0.4% ahead of the report.

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