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Strength Seen in Xometry (XMTR): Can Its 6.7% Jump Turn into More Strength? –


Xometry (XMTR Free Report) shares ended the last trading session 6.7% higher at $31.15. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock’s 6.8% loss over the past four weeks.

The stock gained primarily on optimism surrounding easing supply chain disruptions and, reduction in raw material costs owing to deceleration in inflation.

This marketplace for on-demand manufacturing is expected to post quarterly loss of $0.21 per share in its upcoming report, which represents a year-over-year change of +47.5%. Revenues are expected to be $105.19 million, up 56.8% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For Xometry, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock’s price usually doesn’t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on XMTR going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>

Xometry belongs to the Zacks Manufacturing – General Industrial industry. Another stock from the same industry, Idex (IEX Free Report) , closed the last trading session 0.7% higher at $232.35. Over the past month, IEX has returned 0.7%.

For Idex, the consensus EPS estimate for the upcoming report has changed +1.6% over the past month to $1.98. This represents a change of +27.7% from what the company reported a year ago. Idex currently has a Zacks Rank of #2 (Buy).





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