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. 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.
The company has a poor track record – it has missed estimates in three of the last four quarters at an average rate of 162.9%. However, recent estimate revision activity for DDD has been positive, as the consensus estimate for the stock has moved north over the last month.
Currently, DDD has a Zacks Rank #4 (Sell) but that could definitely change following its fourth quarter 2015 earnings report, which has just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DDD adjusted earnings came in at 16 cents per share, beating the Zacks Consensus Estimate of 3 cents by a significant margin.
Revenue: Revenues of $183.4 million surpassed the Zacks Consensus Estimate of $178 million.
Key Stats: Despite a continued challenging operating environment, contributions from acquisitions and timing of healthcare and industrial customer orders sustained revenues.
Stock Price: Shares rose 13.3% in the pre-market trading session at the time of writing, as investors cheered the upbeat results.
