3D Systems Corporation (DDD) is set to report 2016 first-quarter financial results before the market opens on Thursday. With DDD stock up about 25 percent since Q415 earnings, investors seem more optimistic about the company’s future. Wall Street analysts are on average expecting the provider of 3D printing products and services to post $156.3 million in sales during the quarter. This would show a 14.78% decrease from the Q415 revenue of $183.4 million as well as a decrease of 2.74% from the same period in Q115. EPS in Q116 are expected to come in at $0.05, flat from a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.07 per share.
As a quick reminder, 3D systems reported Q415 EPS of $0.19, $0.16 better than the Street’s consensus estimate.
3D Systems Corp. recently traded at $14.51, a loss of $0.84 over Wednesday’s closing price. Shares are down 40.07% year-over-year ; up 66.97% year-to-date. The name has a current market capitalization of $1.62 billion.
Update: In its quarterly report, 3D Systems said it earned non-GAAP $0.05 per share, in-line with analysts’ expectations. Revenue fell 5% year-over-year to $152.6 million, below views for $155.39 million. GAAP net loss came in at $17.8 million, or a ($0.16) per share.