Market Overview

3D Systems Reports 4Q Earnings; Deutsche Bank Sets Price Target At $115


3D Systems (NYSE: DDD) reported its fourth-quarter earnings on Friday, February 28. Shares opened higher and spiked to nearly $80 per share, but closed at $75.96, up more than a dollar from the previous day's close.

The printing company reported that revenue rose 52 percent from the same quarter last year to $154.8 million, which luckily for investors met analysts' consensus estimates; however, earnings per share missed estimates by $0.01.

Guidance has also remained steady at $680 million to $720 million for 2014, and EPS of $0.73 to $0.85 cents. Analyst estimates were right inline with that, so everyone was fairly upbeat about those results.

What really shook investors was when 3D Systems said that it predicts it will generate around one billion in revenue in 2015. The company has also stated that it will release an estimated 27 new products in 2014.

Despite recent lows for 3D printing companies, these companies are still producing the results and the growth they need to. Monday morning, a notable competitor, Stratasys (NASDAQ: SSYS), announced its fourth quarter earnings before the market opened. Stratasys is known for its Makerbot 3D printing line.

Deutsche Bank released its recommendation for 3D Systems and set its price target at $115.00 per share. This research report was coordinated by research analyst Sherri Scribner. The company remains a top Deutsche Bank pick for 2014, as its growth efforts and initiatives continue to gain momentum and flourish. The bank based its rating on a 12 times EV to FY-15E sales, which was in-line with other high-growth software and internet companies.

Posted-In: Earnings News Guidance


Related Articles (DDD + SSYS)

View Comments and Join the Discussion!

Option Alert: Boyd Gaming Mar $12 Call; 3,742 Contract Trade Between Bid and Ask @$0.40; Currnetly $11.23

Top Financial Tweets From March 3, 2014