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3D printer maker Stratasys ( SSYS ) is set to report earnings before the open Monday, after archrival 3D Systems ’ ( DDD ) report on Thursday showed continuing struggles for the sector. The consensus is that Stratasys will post Q1 revenue of $164.8 million, down 4.5% year over year and the third quarter in a row of declines. Analysts polled by Thomson Reuters expect a 4-cent per-share loss minus items, swinging from a 4-cent profit in Q1 2015, and marking the sixth quarter in a row of earnings deceleration. The Q1 earnings by 3D Systems showed a 5% drop in revenue to $152.5 million, nearly $4 million short of views. It was the company’s fourth straight quarter of revenue deceleration. The company posted flat EPS ex items of 5 cents. Shares of 3D Systems and Stratasys were hammered in 2015, as both posted quarter after quarter of disappointing earnings and sales. Stratasys stock hit a six-year low of 14.88 three months ago and is up nearly 40% since then despite a six-day losing streak. Stratasys stock closed Friday at 21.06, down 1%. 3D Systems has doubled since hitting a five-year low of 6 three months ago, but the stock has also fallen for that last six trading days. 3D Systems fell 3.1% Friday, to 13.16. But despite the struggles of the two market leaders, the 3D printing industry is stronger than it seems, say industry analysts who track the field. Global 3D printer revenue rose 34% last year to $3.3 billion and shipments rose 68% to 133,000 units, according to estimates from research firm Canalys. And globally, 3D printing technology is being increasingly embraced by corporations, governments and universities. But the 3D printer companies await a new, potentially major, rival, as HP Inc. ( HPQ ) plans to enter the market this year. Scalper1 News
Scalper1 News