NEW YORK (TheStreet) -- Stratasys (SSYS) is set to report its first fiscal-quarter of 2014 earnings before the market opens on Friday. Stratasys is a manufacturer of 3-D printers and was one of the hottest stocks in the bull market of 2013. However, the past couple of months have not been so kind to the high-flier growth stocks that were the darlings of last year.
Since Stratasys stock hit in a high of $131.09 in late February, shares have fallen 27% to $95.07. 3-D printing is potentially a majorly disruptive force in the way products are manufactured, but for now the market is telling us that 3-D printing stock valuations have gotten ahead of themselves.
This quarter Wall Street is expecting Stratasys's earnings to come in 4 cents lower per share than they did in the first quarter of last year while revenue grows by 49%. Seeing such robust growth in sales is exciting, but investors would really like to see higher profits as well. Here's what investors are expecting from Stratasys on Friday.
The information below is derived from data submitted to the Estimize.com platform by a set of Buy Side and Independent analyst contributors.
The current Wall Street consensus according to Zacks Investment Research is for earnings of 39 cents per share and $144.47 million in revenue. Compare that to the Estimize.com consensus from 19 hedge analysts, asset management firms, and independent analysts: 41 cents in earnings per share and a revenue estimate of $146.91 million.
Over the previous six quarters the consensus from Estimize.com has been more accurate than Wall Street in forecasting Stratasys's earnings every time and has been more accurate in predicting revenue five times. By tapping into a wider range of contributors including hedge-fund analysts, asset managers, independent research shops, students, and non professional investors Estimize has created a data set that is more accurate than Wall Street up to 69.5% of the time.