Monday, 3D Systems Corp. (NYSE:DDD) announced the immediate availability of its new ProJet 4500 3D printer. The ProJet 4500 will be the first full-color and continuous-tone 3D printer available. It will be the first available 3D printer to create strong semi-rigid parts in a wide spectrum of colors by the pixel-by-pixel process of additive manufacturing. 3D Systems also advertised the product as safe for office, easy-to-use, and as having increased efficiency due to fully integrated material recycling which also reduces waste. What does this announcement mean for analysts?
3D printing has been one of the hottest sectors of the year. Since January, we have seen 3D System Corp. stock double from $38.45 to $77.64. One of the things that's great about DDD in addition to the potential it carries to massively disrupt the way things are made are its earnings. In each of the past 4 quarters, DDD has shown year-over-year growth in both EPS and Revenue. The information below is derived from data submitted to the Estimize platform by a set of Buy Side and Independent analyst contributors. You can share your own estimates as well by visiting www.estimize.com.
The current Wall Street consensus expectation is for DDD to report 30c EPS and $152.28M Revenue in February while the current Estimize consensus from 4 Buy Side and Independent contributing analysts is 33c EPS and $136.21M Revenue.
Over the past 2 reporting quarters, DDD has failed to live up to the high expectations of both Wall Street and the Estimize community. This hasn't stopped analysts from setting the bar even higher for FQ4'13. Investors are hoping the ProJet 4500 could be the device to turn the pattern of underperformance around.
Making the jump from monochrome to full color finished products further improves the attractiveness of 3D printing. The 3D printing revolution has always been about lowering costs and enabling users to create whatever parts, models, or finished products they need. By reducing the need for painting or further post processing and allowing the user to print in full color, the ProJet 4500 will go even further in eliminating steps in the manufacturing process. Wall Street and Estimize analysts have both revised their revenue estimates even higher after Monday's announcement.