The 10-second takeaway
For the quarter ended March 31 (Q1), 3D Systems met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share shrank significantly.
Gross margins expanded, operating margins expanded, net margins contracted.
3D Systems logged revenue of $102.1 million. The seven analysts polled by S&P Capital IQ anticipated revenue of $101.6 million on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $77.9 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 $0.06. The four earnings estimates compiled by S&P Capital IQ forecast $0.14 per share. GAAP EPS of $0.06 for Q1 were 25% lower than the prior-year quarter's $0.08 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 52.4%, 250 basis points better than the prior-year quarter. Operating margin was 17.2%, 130 basis points better than the prior-year quarter. Net margin was 5.8%, 210 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $108.7 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $463.7 million. The average EPS estimate is $0.76.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 3D Systems is outperform, with an average price target of $39.14.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends 3D Systems. The Motley Fool owns shares of 3D Systems and has the following options: Short Jan 2014 $36 Calls on 3D Systems and Short Jan 2014 $20 Puts on 3D Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.