Materialise (MTLS) Outpaces Stock Market Gains: What You Should Know

This story originally appeared on Zacks

Materialize (MTLS) closed the last trading day at $20.70, up +0.68% from the previous trading session. That change outpaced the S&P 500’s gain of 0.08% on the day. Elsewhere, the Dow Jones lost 0.56%, while the big tech Nasdaq lost 0.42%.

– Zacks

As of today, shares of the 3D printing software and medical and industrial products company have lost 8.78% in the past month. At the same time, the computer and technology sector lost 5.11%, while the S&P 500 rose 0.22%.

Wall Street will be looking for positivity from Matriz as it approaches the date of the next earnings report. The company is expected to report earnings per share of $0.06, up 50% from the previous quarter. Meanwhile, Zacks revenue estimates forecast net sales of $60.92 million, up 9.58% from the same period last year.

Any recent changes to analyst estimates for Materialize should also be noted by investors. These reviews usually reflect the latest short-term business trends, which can change frequently. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.

Research indicates that these discretionary revisions are directly related to the stock’s near-term price momentum. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.

The Zacks Rank system ranges from #1 (strong buy) to #5 (strong sell). The company has a successful track record, subject to external scrutiny, with the No. 1 stock having generated an average annual return of over 25% since 1988. Zacks Consensus EPS estimate has remained flat over the past month. Maderiz currently holds a Zacks Rank 3 (Hold).

Given its valuation, Maderaise holds a forward P/E ratio of 88.11. This is a premium compared to the industry’s forward P/E average of 54.25.

Internet – The software industry is part of the computer and technology sector. The industry currently has a Zacks Industry Rating of 176, placing it in the lowest 31% of all 250-plus industries.

The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

To follow MTLS in upcoming trading sessions, be sure to use Zacks.com.

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