Market Overview

ExOne Earnings Preview: Will It Miss Estimates Again?


ExOne Co (NASDAQ: XONE) is scheduled to announce first quarter results on Thursday after the market closes.

Although expectations are low, they imply an improvement from earnings reported in the same quarter last year. In the first quarter of 2014, the company registered a net loss of ($0.38) per share on revenue of $7.3 million. For the first quarter of 2015, experts are modeling a consensus net loss of ($0.31) per share on revenue of $8.16 million. The crowd is more bearish, and expects a wider loss of ($0.36) per share on revenue of $7.95 million, according to Estimize.

However, ExOne has a history of consistently falling short of estimates by a wide margin.

The second chart illustrates the evolution of sentiment over time. While the Street became increasingly bearish as earnings got closer, the crowd became more and more constructive. Still, the Street is the most bullish.

Related Link: The ExOne Company Announces Delay in Filing First Quarter 2015 Results

‘Unforeseen Difficulties

ExOne is reporting its first quarter results on Thursday, but it was supposed to do so about a month ago. However, “unforeseen difficulties” have led them to delay the call.

However, along with the announcement of the delay in the filing in mid-May, the company reaffirmed its guidance for 2015. Management expects:

  • Revenue to grow roughly 32 percent to 50 percent, to approximately $58 million to $66 million
  • Gross margin to come in between 36 percent and 40 percent
  • SG&A expenses to be in the $21 million to $23 million range
  • R&D expenses to be in a span of $6.5 million to $7.5 million
  • Capital expenditures to be between $5 million and $7 million

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