Tag Archives: ssys

3D Systems Margins Jump, But Stock Falls On Revenue Miss

3D Systems’ ( DDD ) adjusted Q1 earnings were flat at 5 cents a share, in line with consensus views. But revenue dipped 5% to $152.6 million, missing views of $156.3 million. Gross margin soared 170 basis points to 50.8%, due mainly to 3D Systems’ shift away from consumer products. Shares of 3D Systems jumped 6% before the open, but fell 5.9% to 13.66 in morning trade on the stock market today . Shares of rival Stratasys ( SSYS ) sank 3.3%. Stratasys reports earnings next week.

Investing Action Plan For Thursday: Alibaba, Mobileye, 3D Systems On Tap

Here’s your Investing Action Plan for Thursday: What you need to know as an investor for the coming day. Alibaba Group ( BABA ), 3D Systems ( DDD ),  Tesla Motors ( TSLA ) supplier Mobileye ( MBLY ), Sprouts Farmers Market ( SFM ) and shale producer EOG Resources ( EOG ) are all due to report earnings Thursday. Alibaba Top Chinese e-commerce site Alibaba is on tap to announce results for its fourth quarter, ended March 31, prior to the market opening on Thursday. Investors will look for a rise in the value of goods sold on its various platforms. The company, sometimes called the Amazon.com ( AMZN ) of China, reported better-than-expected earnings last quarter, but shares fell after it said that growth in gross merchandise volume, a measure of total value of goods sold, shrank from the prior quarter. First-quarter gross merchandise volume will be key in the upcoming report. Consensus is for a 21% increase in earnings to 56 cents a share on a 33% hike in revenue to $3.58 billion. Alibaba fell 0.9% in afternoon trading on the stock market today . Mobileye The advanced driver assistance systems maker, which sells to luxury electric carmaker Tesla Motors and others, also reports early Thursday. Tesla, General Motors ( GM ), Ford Motor ( F ) and other automakers, along with tech giants like Alphabet ( GOOGL )-owned Google and reportedly Apple ( AAPL ), are racing to develop autonomous, self-driving car technology. Mobileye’s backup cameras and other high tech gear are seen as key to such systems. On April 19, Mobileye announced a partnership to expand in China with Chinese e-commerce site Ingdan.com, a unit of Hong Kong-based Cogobuy Group. Under terms of the deal, Ingdan.com will sell Mobileye products on its site. Mobileye was down 4.4% Wednesday. Tesla reports first-quarter results after the market close on Wednesday. Analyst consensus is for per share loss to deepen to 57 cents from 37 cents in Q1 2015 as it boosts spending to expand Model X production and build the Gigafactory battery plant in Nevada. Tesla slid 4.7% ahead of results and amid reports that key production chiefs are leaving. 3D Systems 3D Systems will report first-quarter earnings before the market opens Thursday . 3D printing could be poised to recover from a two-year decline. Leaders 3D Systems and Stratasys ( SSYS ) — which reports May 9 — grew at a rapid pace for years by selling so-called “additive printers,” which create physical objects by layering on materials such as plastic and metal to build a variety of devices. Analysts polled by Thomson Reuters are looking for 3D Systems’ earnings per share minus one-time items to be flat at 5 cents a share vs. Q1 2015 and are projecting a slight dip in revenue to $156.3 million. Sentiment is positive though after 3D Systems crushed estimates last quarter, reporting a 19-cent profit, more than six times the expected 3 cents, and its $183.4 million revenue easily topped forecasts. 3D Systems tumbled 5% intraday Wednesday, undercutting its 50-day line, after tumbling 7.4% Tuesday and 6.3% Monday. Stratasys fell 3.9%. Sprouts Farmers Market Natural and organic foods grocery Sprouts Farmers Market ( SFM ) reports first-quarter financial results early Thursday. Consensus is for earnings to rise 16% to 29 cents a share and revenue to climb 18% to $1.01 billion.But Sprouts has beaten earnings estimates in the last two quarters. Sprouts hass gotten a series of analyst upgrades recently, including Oppenheimer raising its price target Monday to 30 from 26 with a hold rating. Sprouts rose 0.5%. In contrast, rival Whole Foods Market ( WFM ) has delivered below market performance this year and is scheduled to report after the close Wednesday. Its earnings and revenue growth both shrank the last two quarters in a row. Its stock is down 15% year to date and was down about 1% Wednesday afternoon. EOG Resources Oil and natural gas producer EOG Resources ( EOG ) will report results late Thursday. Gas prices climbed to a six-month high at a national average of $2.22 per gallon as the industry tries to recover from plunging prices. EOG is expected to record an 84 cents loss vs. a 3 cent profit in the same quarter a year earlier. Revenue is projected to fall 28.1% to $1.67 billion. EOG shares were down 1.5% Wednesday. On Wednesday, Carrizo Oil & Gas ( CRZO ) and Noble Energy ( NBL ) raised production targets .

3D Printer Market Braces For Earnings From 3D Systems Amid Tumult

3D Systems ( DDD ) is set to report first-quarter earnings Thursday, followed by rival Stratasys ( SSYS ) next Monday, likely providing a clearer indication of whether the runup in both stocks this year — or the more recent downturn — is justified. The consensus on 3D Systems is for revenue of $156.3 million, down 3% year over year, and earnings per share minus items of 5 cents, flat, as polled by Thomson Reuters. Shares of 3D Systems and Stratasys were hammered in 2015, as both posted quarter after quarter of disappointing earnings and sales. Stratasys stock, however, has nearly doubled since hitting a six-year low of 14.88 three months ago, and 3D Systems has more than doubled since hitting a five-year low of 6 three months ago. Both stocks, though, have faded in the past week. And 3D Systems shares were near 15, down 3%, in midday trading in the stock market today . Stratasys stock, too, was down nearly 3% midday Wednesday, near 22. The rise of both stocks most of this year was partly fueled by Q4 earnings from both companies that beat expectations, raising hopes the top-two 3D printer makers are poised for a rebound. But 3D Systems and Stratasys executives took a cautious tone about the road ahead. 3D Systems got a bounce when it announced Vyomesh Joshi as CEO on April 4. Joshi had been executive vice president of the imaging and printing business of HP Inc. ( HPQ ), formerly part of Hewlett-Packard before its split. HP plans to enter the 3D printer market this year. Needham analyst James Ricchiuti last week lowered his rating on 3D Systems to hold from buy, “as shares might be pricing in too much,” he wrote. “Notwithstanding solid sequential improvement in Q4 from the publicly traded 3D printing companies, we believe business remains challenging, compounded by the normal seasonal weakness experienced in the March quarter,” Ricchiuti wrote. 3D printer makers  ExOne ( XONE ) and Voxeljet ( VJET ) are set to report earnings on May 11 and May 13, respectively, both before the market open.