According to consensus agreement of 17 analysts 3D Systems Corporation (NYSE:DDD) will report earnings per share of $0.06 in their quarterly report and it is expected to announce the company’s results on 8/3/2016 BMO. 3D Systems Corporation has an EPS ratio of -5.89. The company indicates a peak revenue level of 178.51M and 153.19M at bottom level. As 3D printer sales and on-demand manufacturing fell, it resulted in the current 7% decrease in comparison to past year at this time.
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The company indicated its revenue benefited from continued strong demand for its healthcare solutions and software apart from higher materials orders from healthcare and industrial customers. However, 3D Systems topline figures failed to beat the Street’s estimates, coming in at $158.1 million, whereas Wall Street analysts forecasted total sales of $161 million.
Gross profit margin of 50.9% (vs. 47.9% Y/Y), $12.9M of cash from operations.
Also, the company’s operating expenses plunged drastically (20.2%) to $84.1 million, as both R&D (19%) and SG&A (21%) expenses fell significantly. The company has a market cap of $265.52B. Although it might hurt revenues in the short term, we believe that it will direct the company’s resources toward higher-margin products and thus enhance profitability in the long run.
Despite reporting a net loss, 3D Systems generated $12.9 million in operating cash flow during the second quarter and ended with $176.2 million in cash on its books, an increase of $6.4 million from the first quarter.
Xerox Corporation (XRX) recently recorded -3.25 percent change and now at $9.81 is 17.56 percent away from its 52-week low and down -13.12 percent versus its peak.
Over the past few quarters, 3D Systems has been experiencing unfavorable broader market conditions that have badly hit its financial performance. 14 analysts have rated the company as a strong “Hold”. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements.
However, the company is taking initiatives to channelize its resources into more lucrative areas in professional and industrial markets.
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3D Systems Corporation is a holding company. It also provides software and haptic and perceptual devices for design including 3D digital design scan-to-computer-aided design (CAD) scan-to-print reverse engineering inspection sculpting and medical modeling and simulation applications. A mix shift toward materials and software boosted 3D’s margins. All these stocks carry a Zacks Rank #2 (Buy). Today, you can download 7 Best Stocks for the Next 30 Days.
