3D Systems Corp reports results for the quarter ended in December - Earnings Summary

3D Systems

28/02/2024 01:04

* 3D Systems Corp  DDD.N  reported a quarterly adjusted loss
of 11
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of seven analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -2 cents tozero cents per share.
    * Revenue fell 13.5% to $114.85 million from a year ago;
analysts
expected $126.63 million. 
    * 3D Systems Corp's reported EPS for the quarter was a loss
of
$2.30​.
    * The company reported a quarterly loss of $300.41 million.
    * 3D Systems Corp shares had fallen by 18.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for 3D Systems Corp
is $5.35 
This summary was machine generated from LSEG data February 28 at
01:03 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.01          -0.11          Missed
 Sep. 30 2023      -0.08          0.01           Beat
 Jun. 30 2023      -0.06          -0.07          Missed
 Mar. 31 2023      -0.07          -0.09          Missed