|Bid||6.78 x 900|
|Ask||6.93 x 1200|
|Day's range||6.79 - 7.07|
|52-week range||5.20 - 12.56|
|Beta (5Y monthly)||1.59|
|PE ratio (TTM)||N/A|
|Earnings date||05 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8.00|
3D Systems (DDD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
A decade ago, 3D printing seemed like the future of design and manufacturing. With relatively common software, anyone could build a 3D printed model, opening up seemingly endless applications for everyone from hobbyists and educators to high-end manufacturers. Losses have mounted and stocks have been crushed, including that of 3D Systems (NYSE: DDD), which is one of the industry leaders.
3D Systems' (NYSE: DDD) investors can probably relate to Bill Murray's character in the movie Groundhog Day. Rather than reliving the same day over and over, they've been reliving changes in the 3D printing company's C-suite over and over again. On Tuesday, 3D Systems' new CEO, Jeffrey Graves, took the reins from Vyomesh Joshi, who reportedly notified the board in February that he planned to retire as soon as a successor was hired, or by year's end at the latest.
As I opined in my 3D Systems (NYSE: DDD) earnings preview, "the 3D printing company had been having a challenging time trying to grow revenue before the COVID-19 pandemic, so it seems likely that its first quarter results aren't going to be pretty.
Ten days ago, in a preview of coming attractions, investment banker Piper Sandler alerted investors to the risk that "challenging markets" in the "automotive, aerospace, elective healthcare, and dental verticals" would cause 3D Systems (NYSE: DDD) to report "weak" sales results in fiscal Q1 2020 (reported by TheFly.com). Ten days later, 3D Systems did just that. The company's Q1 sales number, which came out yesterday, was $134.7 million versus the $140.6 million that most other analysts were forecasting.
With me on the call are Vyomesh Joshi, our President and Chief Executive Officer; Todd Booth, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer. This has proven to be extremely important in the current COVID-19 pandemic as healthcare environments have been lacking basic supplies due to the need for protective measures for both healthcare professionals and patients and backlogs from bottlenecks and shortages in worldwide supply.
3D Systems (DDD) delivered earnings and revenue surprises of 20.00% and -3.62%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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3D Systems (DDD) delivered earnings and revenue surprises of 0.00% and 2.01%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
3D Systems (DDD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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