3D printing company 3D Systems (NYSE:DDD) will be announcing earnings results tomorrow afternoon. Here’s what investors should know.
3D Systems missed analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $112.9 million, down 8.8% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates.
Is 3D Systems a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting 3D Systems’s revenue to be flat year on year at $114.8 million, improving from the 13.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.11 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. 3D Systems has missed Wall Street’s revenue estimates six times over the last two years.
Looking at 3D Systems’s peers in the industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Stratasys’s revenues decreased 3.8% year on year, beating analysts’ expectations by 1%, and Hyster-Yale Materials Handling reported revenues up 3.9%, topping estimates by 4.4%. Stratasys traded down 8% following the results while Hyster-Yale Materials Handling was up 2.6%.
Read our full analysis of Stratasys’s results here and Hyster-Yale Materials Handling’s results here.
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