3D Systems Earnings: Here’s Why Investors are Buying Shares Now
3D Systems Corp. (NYSE:DDD) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.16%.
3D Systems Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 23.53% to $0.21 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 31.03% to $102.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: 3D Systems Corp. reported adjusted EPS income of $0.21 per share. By that measure, the company met the mean analyst estimate of $0.21. It beat the average revenue estimate of $101.61 million.
Quoting Management: “We are very pleased to report outstanding quarterly results on higher printers’ sales,” said Avi Reichental, 3D Systems’ President and Chief Executive Officer. “We believe that the vibrancy of our diversified portfolio, productivity of our channels and effectiveness of our strategic growth initiatives will continue to fuel our progress and results.”
Key Stats (on next page)…
Revenue increased 0.52% from $101.57 million in the previous quarter. EPS decreased 19.23% from $0.26 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.24 and has not changed. For the current year, the average estimate is a profit of $1.05, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)