3D Systems (DDD) sees 2013 earnings increase sharply and is a Zacks #1 Rank (Strong Buy).
3D Systems Corporation, through its subsidiaries, engages in the design, development, manufacture, marketing, and servicing of 3D printers and related products, print materials, and services. The company's principle print engines comprise stereolithography, selective laser sintering, multi-jet modeling, film transfer imaging, selective laser melting, and plastic jet printers. 3D Systems Corporation was founded in 1986 and is headquartered in Rock Hill, South Carolina.
3D Systems Has Four Straight Positive Surprises
3D Systems has topped the Zacks Consensus Estimate in four straight quarters. The beats have been very strong, with the company posting earnings that are $0.08 higher on average. The average beat for 3D Systems works out to be nearly 60%, which might make you think the stock would react positively. That is not the case, with investors selling more than buying in two of the four beats which brought the average price impact to just less than zero.
The biggest price impact came following the December 2011 quarter, the stock rose more than 15% following a 56% positive earnings surprise. The company reported earnings of $0.25, $0.09 more than the Zacks Consensus Estimate. Revenues of $70 million were approximately $6 more than the Zacks Consensus Estimate and represented a 34% increase from the year ago period.