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What Falling Estimates & Price Mean for 3D Systems Corporation (DDD)

Zacks Equity Research
Updated

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is 3D Systems Corporation DDD, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in DDD.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen eight estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from earnings of 44 cents a share a month ago to its current level of a loss of 4 cents.

Also, for the current quarter, 3D Systems has seen two downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 2 cents a share from earnings of 18 cents over the past 30 days.   

The stock has also seen some pretty dismal trading lately, as the share price has dropped 29.7% in the past month.

3D Systems Corporation Price and Consensus

3D Systems Corporation Price and Consensus | 3D Systems Corporation Quote

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So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Computer - Mini computers industry, you may instead consider a better-ranked stock - HP Inc. HPQ. The stock currently carries a Zacks Rank #2 (Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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HP Inc. (HPQ) : Free Stock Analysis Report
 
3D Systems Corporation (DDD) : Free Stock Analysis Report
 
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Zacks Investment Research