3D printing company 3D Systems (NYSE: DDD) will be reporting results this Tuesday after market hours. Here’s what to look for.
3D Systems missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $94.84 million, down 16.3% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is 3D Systems a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting 3D Systems’s revenue to decline 17.1% year on year to $93.61 million, a further deceleration from the 8.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.09 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.
Looking at 3D Systems’s peers in the industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Proto Labs delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 1.1%, and Columbus McKinnon reported revenues up 7.7%, topping estimates by 8.5%. Columbus McKinnon traded up 7.6% following the results.
Read our full analysis of Proto Labs’s results here and Columbus McKinnon’s results here.
Investors in the industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. 3D Systems is down 10.7% during the same time and is heading into earnings with an average analyst price target of $3.25 (compared to the current share price of $2.83).
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