The 10-second takeaway
For the quarter ended June 30 (Q2), 3D Systems beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share dropped.
Gross margins grew, operating margins contracted, net margins shrank.
3D Systems reported revenue of $120.8 million. The nine analysts polled by S&P Capital IQ foresaw a top line of $114.4 million on the same basis. GAAP reported sales were 44% higher than the prior-year quarter's $83.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.10. The four earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.10 for Q2 were 9.1% lower than the prior-year quarter's $0.11 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.8%, 40 basis points better than the prior-year quarter. Operating margin was 13.9%, 360 basis points worse than the prior-year quarter. Net margin was 7.7%, 230 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $130.4 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $494.4 million. The average EPS estimate is $0.62.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 3D Systems is outperform, with an average price target of $48.44.
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