Headquartered in Rock Hill, SC, 3D Systems Corp. (DDD – Analyst Report) is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. The company also provides scanners for a variety of medical and mechanical X-Ray film digital archiving.
3D Systems has been making consistent efforts to strengthen its operational efficiency and expand its business via acquisitions, with its most recent one being Easyway Design and Manufacture Co – one of the leading China-based 3D printing firm. However, financing these acquisitions and continued investments in research and development have taken a toll on the company’s financial health. Moreover, severe competition in the industry, persisting economic uncertainty, and foreign currency risks continue to be headwinds for 3D Systems.
Recent estimate revision activity for DDD has been limited, as the consensus estimate for the stock has been flat. However, the company has a poor track record – it has missed estimates in each of the last four quarters at an average rate of 20.83%.
Currently, DDD has a Zacks Rank #4 (Sell) but that could definitely change following its earnings report, which has just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DDD beats on earnings. Non-GAAP earnings of 5 cents per share comprehensively beat the Zacks Consensus Estimate of loss of 2 cents.
Revenue: Revenues of $160.7 million came below the Zacks Consensus Estimate of $166 million.
Key Stats: Lower than expected purchases of its 3D printers and materials by aerospace, automotive and healthcare customers along with operational issues delaying the sales of additional printers resulted in decrease in the organic revenues.
Stock Price: Shares were down in the pre-market trading session.
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