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Going Dimensional With A Pair Of 3D Printing Stocks Set To Report Tomorrow

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Going Dimensional With A Pair Of 3D Printing Stocks Set To Report Tomorrow

Two 3D printing companies 3D Systems Corporation (NYSE: DDD) and Organovo Holdings Inc (NASDAQ: ONVO) are set to report quarterly numbers this week, with a few other peers reporting in the coming weeks.

3D Systems will announce its third quarter results on Thursday. Wall Street estimates earnings of 0.09 a share on 5.7 percent growth in revenue of $160.16 million.

Over the past four quarters, 3D Systems topped Street’s earnings view twice, missed once and met once. Over the past 90 days, the consensus EPS estimates have been largely consistent.

3D Systems is reporting its quarterly numbers amid challenging market conditions and tough competition, especially from the recent entry of HP Inc (NYSE: HPQ) into the market. HP, which entered in to the 3D printing market five months ago, expects to ship its first product in late 2016. So, the customers are waiting for the arrival of the HP product and postponing their purchase decisions.

Further, a recent survey by Piper Jaffray painted a bleak picture for the upcoming results of 3D Systems and Stratasys, Ltd. (NASDAQ: SSYS), which reports on November 15. The Street is looking Stratasys to post an EPS of $0.05 on revenue of $174.54 million.

"The results were extremely discouraging for both Stratasys and 3D Systems," analyst Troy Jensen wrote in a note.

In fact, the analyst expects both companies to miss revenue estimates when they report their third quarter. That said, cost cutting could provide some downside protection to EPS.

Meanwhile, Organovo will also report its second-quarter results on Thursday. Two Street analysts, on average, project a loss of $0.11 a share narrower than a $0.12 loss reported last year. Revenue is expected to increase 149 percent to $750K. In the past two quarters, the company has managed to post narrower-than-expected losses.

Weighed down by the negative sentiment, shares of 3D printing stocks are having a tough time as of late, despite the exciting opportunities in the field.

Shares of 3D Systems, Stratasys, Ltd. and Organovo have each recorded at least a 20 percent drop in the October alone.

At Last Check ...

Early in Wednesday's afternoon session, the three 3D stocks left to report were all trending downward.

  • 3D Systems was down 2.15 percent at $13.19.
  • Organovo was down 4.41 percent at $2.60.
  • Stratasys was down 1.69 percent at $18.66.

Latest Ratings for DDD

DateFirmActionFromTo
Aug 2019DowngradesNeutralUnderweight
Jun 2019UpgradesSellNeutral
May 2019UpgradesUnderweightNeutral

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

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