There is little doubt that investors within the 3D printing space are a bit unnerved as of late. As stocks have continued to plummet this last quarter, investors remain skeptical but also a bit optimistic about the next couple of weeks, starting tomorrow, as earnings season within the 3D printing space rolls around. While shares of 3D Systems and ExOne have continued to slide, we have seen a bit of a bounce back for shares of Stratasys and Voxeljet over the last couple of weeks, as analyst upgrades and earnings anticipation come into play. As we kick off tomorrow with the first of four important reports for the industry, I thought it would be nice to provide our readers with a bit of a preview of what we can expect. Below you will find information regarding the upcoming quarterly reports from Stratasys, 3D Systems, Voxeljet and ExOne.
Stratasys (SSYS) – Thursday, July 30th
As the largest pure play 3D printing stock, when considering market cap, this may be the most important report out of the four for the industry in general. Stratasys is a leader within the consumer and industrial 3D printer manufacturing space, and their upcoming report can be viewed by many as a general gauge of the 3D printing industry. After beating analysts’ expectations last quarter from an EPS standpoint, this quarter analysts still remain very pessimistic about the stock. While a year ago this quarter, the company reported earnings of $0.47 per share, analysts are expecting around $0.15 per share this time around. If the company can surprise the market even slightly, look for shares to continue to rebound, possibly pushing through resistance at around $38.89 towards $40. A report indicating even more sluggish growth may send the stock back into the tailspin which was halted last week.
3D Systems (DDD) – Thursday, August 6th
As one of the most diversified 3D printing companies on the market, many analysts believe that 3D Systems may have spread themselves too thin after acquiring dozens of companies over the last couple of years. This stock has been beaten down nonstop since late April. While last quarter, the company reported a $0.01 loss per share, they hope to turn things around next Thursday, perhaps halting the massive slide we have seen within the share price as of late. Analysts are expecting, on average, a $0.08 EPS, on revenues of around $173 million, which will be significantly lower than last year at this time, when the company reported an EPS of $0.11. Any surprise to the upside should spark what could be a massive bounce, as shares have been, in my opinion, a bit oversold. If, on the other hand, the company can not realize a profit this past quarter or profits are meager at best, we could see shares approach the $12 level for the first time since early 2012. Positive earnings from both Stratasys and 3D Systems could send the entire 3D printing market significantly higher.
ExOne (XONE) – Monday, August 10th
This stock has been beaten down for almost two years now. The company, which now trades at a fraction of their highs seen back in 2014, is expected to continue bleeding cash for the foreseeable future. With that said, an upbeat report in under two weeks could light a fire under their shares which currently are trading at just $9.25. While analysts are expecting a rather significant loss per share of around $0.26, which is almost twice the loss the company reported a year ago, a surprise to the up side seems like it would have more of an impact than one to the down side. Analysts also expect revenue for the quarter to come in at around $11.12 million which is just south of last year’s $11.2 million.
Voxeljet (VJET) – Thursday August 13th
With shares trading well south of consensus price targets of $8.50, any hint of optimism from their coming quarterly report on August 13th could send shares soaring. This company is one of the biggest disappointments in the 3D printing sector this year and last, as their shares are trading at just $6.56, down more than 90% from highs achieved back in late 2013. With a loss per share expected to come in at around $0.17, on revenue of just $4.82 million, there is little wonder as to why the stock has tanked as violently as it has. With that said, there is likely more room for a share rise than a share loss, as shares also seem to be trading in a territory which screams ‘oversold!”.
Certainly these companies could all use a little help from their upcoming quarterly reports. It will be interesting to see just how things have changed from a share price perspective in about two weeks, and if maybe this quarter is the quarter that can change the overall negative sentiment that investors seem to have about the industry in general. Let us know your predictions for these four important reports in the 3D Printing Stock forum thread on 3DPB.com.