3D Systems (DDD) will report first-quarter earnings Tuesday, amid a 2014 downturn in 3D printer stocks as the company’s lowered their growth outlooks. 3D Systems will report before the market open. The consensus estimate is for revenue of $145.5 million, up 42% from the year-earlier quarter and its 17th straight quarter of double-digit gains. Analysts polled by Thomson Reuters expect earnings per share minus items of 15 cents, down 28% and its
Stratasys (SSYS) stock rose after UBS started coverage of the 3D printer maker with a buy rating, saying its opportunity in the industrial market is underappreciated. UBS analyst Steven Milunovich also initiated coverage of 3D Systems (DDD), but gave it only a neutral rating. Stratasys stock was up 3.5% in afternoon trading in the stock market today. 3D Systems stock was down nearly 2%. “Our view is that 3D printing is in the early innings, just
Hewlett-Packard’s (HPQ) entry into the high-end commercial 3D printer market, expected in June, is unlikely to worsen price competition for Stratasys (SSYS), 3D Systems (DDD) and ExOne (XONE), says RBC Capital. “We do not envision increased competition among industry players once HPQ introduces 3D printing products and potentially other ancillary 3D products and services, as we see a growing 3D total addressable market and increased opportunities