All of these names have one big thing in common, their expectations have been revised upwards ahead of this week’s reports. Keep an eye on these earnings releases.
Tuesday, March 15
Wednesday, March 16
Thursday, March 17
3D Systems (DDD)
Information Technology – Computers & Peripherals | Reports March 15, before the open.
The Estimize community is looking for EPS of $0.04 and revenue of $179.5 million, 4 cents below Wall Street on the bottom-line, and around $3 million below on the top. 3D Systems is seeing favorable revision activity lately with earnings and sales up 10% in the past three months. Compared with the same period last year, this predicts an 84% decline in earnings while sales are expected to decline by 6%.
What to Watch: What was once expected to be the next big thing, 3D Systems (DDD) and all other 3D printing companies had a disappointing 2015. 3D Systems is coming off a dismal third quarter, posting 94% YoY declines on the bottom line while also missing its sales number. Even on a constant currency basis, revenue dipped 3%. Macroeconomic factors, particularly currency headwinds, have been the biggest hindrance to the company’s financial performance, as they generate a large portion of revenue from international markets. Last week 3D Systems received a much needed boost after rival company Stratasys reported better than expected earnings. The rival company posted a loss of -$0.01 and revenue of $173.36 million which trumped expectations by 9 cents and $6 million, respectively. In the moments following, DDD shares jumped 7% and are now up 36.94% on the year. The company remains focused on expanding its strategic partnerships and emerging in the healthcare industry to cope with weaker demand.
DSW (DSW)
Consumer Discretionary – Specialty Retail | Reports March 15, before the open.
The Estimize consensus calls for EPS of $0.08, in-line with Wall Street, with revenue expectations of $643.47 million, roughly $2 million higher than the Street. The Select Consensus on the other hand, is showing a more modest beat of $1 million on the top line. The Estimize community has maintained an optimistic stance on DSW, revising EPS estimates up 9% since the company last reported. Compared to the year prior, current estimates predict a decline in profitability of 75%. On average, the company has consistently beat expectations, trumping the Estimize consensus 73% and Wall Street 81% of recorded quarters.
