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

3D Systems

20/08/2024 21:51

* 3D Systems Corp  DDD.N  reported a quarterly adjusted loss
of 17
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of six analysts for the quarter was
for a loss of 9 cents per share. Wall Street expected results to
range from -13 cents to -6 cents per share.
    * Revenue fell 15.1% to $102.91 million from a year ago;
analysts
expected $106.59 million. 
    * 3D Systems Corp's reported EPS for the quarter was a loss
of 12
cents​.
    * The company reported a quarterly loss of $16 million.
    * 3D Systems Corp shares had fallen by 15.6% this
quarter and
lost 59.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $4.50 
This summary was machine generated from LSEG data August 20 at
08:51 p.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
 Mar. 31 2024      -0.09          -0.17          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