Analysts are weighing in on how 3D Systems Corporation (NYSE:DDD), might perform in the near term. Wall Street analysts have a unfavorable assessment of the stock, with a mean rating of 3.1. The stock is rated as buy by 0 analysts, with 2 outperform and 12 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.
For the current quarter, the 17.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.06 a share, which would compare with $0.03 in the same quarter last year. They have a high estimate of $0.08 and a low estimate of $0.02. Revenue for the period is expected to total nearly $160.66M from $170.50M the year-ago period.
For the full year, 19.00 Wall Street analysts forecast this company would deliver earnings of 0.33 per share, with a high estimate of $0.42 and a low estimate of $0.20. It had reported earnings per share of $0.27 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $662.76M versus 666.16M in the preceding year.
The analysts project the company to maintain annual growth of around 10.00% percent over the next five years as compared to an average growth rate of 16.32% percent expected for its competitors in the same industry.
Among the 11 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for DDD is $14.14 but some analysts are projecting the price to go as high as $25.00. If the optimistic analysts are correct, that represents a 80 percent upside potential from the recent closing price of $13.92. Some sell-side analysts, particularly the bearish ones, have called for $9.00 price targets on shares of 3D Systems Corporation (NYSE:DDD).
In the last reported results, the company reported earnings of $0.03 per share, while analysts were calling for share earnings of $0.08. It was an earnings surprise of -62.50%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
3D Systems Corporation, through its subsidiaries, provides 3D printing products and services worldwide. The companys 3D printers transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts using a range of print materials, including plastic, metal, nylon, rubber, wax, and composite materials. It offers various 3D printing technologies, such as stereolithography, selective laser sintering, direct metal printing, multijet printing, colorjet printing, and plasticjet printing. The company also develops, blends, and markets various print materials, such as plastic, nylon, metal, composite, elastomeric, wax, and Class IV bio-compatible materials. It offers its printers under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names. In addition, the company provides digital design tools, including software, scanners, and haptic devices, as well as products for product design, mold and die design, 3D scan-to-print, reverse engineering, and production machining and inspection. Further, it offers proprietary software and drivers that provide part preparation, part placement, support placement, build platform management, and print queue management; and 3D virtual reality simulators and simulator modules for medical applications, as well as digitizing scanners for medical and mechanical applications. Additionally, the company provides warranty, maintenance, and training services. It primarily serves companies and small and midsize businesses in a range of industries, including automotive, aerospace, government, defense, technology, electronics, education, consumer goods, energy, and healthcare. The company sells its products and services through its direct sales force, resellers, and channel partners and distributors. 3D Systems Corporation was founded in 1986 and is headquartered in Rock Hill, South Carolina.