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3D Systems’ first-quarter performance is expected to have benefited from strong demand for its Healthcare segment products, as markets and the supply chain recover from the impact of the pandemic.
Strength in demand for additive solutions in general across industries is likely to have been a tailwind.
Furthermore, the company’s cost-saving efforts are expected to have boosted margins in the first quarter.
Notably, the company’s divestitures of Cimatron and GibbsCAM software businesses for $65 million in the previous quarter have helped it eliminate debts. This is expected to have reflected positively on the balance sheet of the company, leaving it in a net cash position.
However, the second wave of the coronavirus pandemic, coupled with a typical seasonal sales decline, is expected to have been an overhang on the top line in the quarter under review.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for 3D Systems this season. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
3D Systems currently has a Zacks Rank of 5 (Strong Sell) and an Earnings ESP of 0.00%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
DSP Group, Inc. has an Earnings ESP of +8.33% and a Zacks Rank of 3, currently.
Facebook, Inc. has an Earnings ESP of +1.25% and currently, a Zacks Rank of 3.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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3D Systems (DDD) to Report Q1 Earnings: What's in the Offing?
3D Systems (DDD - Free Report) is slated to release first-quarter 2021 results on May 10.
The Zacks Consensus Estimate for revenues is pegged at $134.67 million, indicating a year-over-year decline of 0.03%.
Moreover, the consensus mark for earnings is pegged at 3 cents per share, suggesting a surge of 175% from the year-ago quarter’s reported figure.
3D Systems’ earnings beat estimates in two of the trailing four quarters and missed in the other two, the average surprise being 11.54%.
Let’s see how things have shaped up prior to the upcoming announcement.
3D Systems Corporation Price and EPS Surprise
3D Systems Corporation price-eps-surprise | 3D Systems Corporation Quote
Factors to Consider
3D Systems’ first-quarter performance is expected to have benefited from strong demand for its Healthcare segment products, as markets and the supply chain recover from the impact of the pandemic.
Strength in demand for additive solutions in general across industries is likely to have been a tailwind.
Furthermore, the company’s cost-saving efforts are expected to have boosted margins in the first quarter.
Notably, the company’s divestitures of Cimatron and GibbsCAM software businesses for $65 million in the previous quarter have helped it eliminate debts. This is expected to have reflected positively on the balance sheet of the company, leaving it in a net cash position.
However, the second wave of the coronavirus pandemic, coupled with a typical seasonal sales decline, is expected to have been an overhang on the top line in the quarter under review.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for 3D Systems this season. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
3D Systems currently has a Zacks Rank of 5 (Strong Sell) and an Earnings ESP of 0.00%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
CACI International (CACI - Free Report) has an Earnings ESP of +4.86% and a Zacks Rank of 2, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
DSP Group, Inc. has an Earnings ESP of +8.33% and a Zacks Rank of 3, currently.
Facebook, Inc. has an Earnings ESP of +1.25% and currently, a Zacks Rank of 3.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2021 today >>