3D printing company 3D Systems (NYSE:DDD) will be reporting earnings tomorrow after the bell. Here’s what investors should know.
3D Systems missed analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $102.9 million, down 15.1% year on year. It was a disappointing quarter for the company, with a 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 decline 11.7% year on year to $116.5 million, a further deceleration from the 8.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 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.
With 3D Systems being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for industrial machinery stocks. However, there has been positive investor sentiment in the segment, with share prices up 7.4% on average over the last month. 3D Systems is down 3% during the same time and is heading into earnings with an average analyst price target of $3.06 (compared to the current share price of $3.19).
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