Zacks Research Analyzes 3D Systems Co.’s FY2023 Earnings Prospects

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Zacks Research has recently analyzed 3D ($NYSE:DDD) Systems Co.’s FY2023 earnings prospects and their findings are now available. 3D Systems Co. is a leading 3D printing and digital manufacturing company headquartered in Rock Hill, South Carolina, United States. The company serves customers in many industries, including the aerospace, automotive, healthcare, engineering and consumer products. 3D Systems provides companies with a range of 3D printing solutions, from standard 3D printing to advanced materials and complex components. In addition to its 3D printing services, the company also offers digital manufacturing solutions for businesses of any size. They noted that the combination of 3D printing and digital manufacturing solutions offered by the company are allowing it to expand its customer base and increase its market share.

They also found that 3D Systems Co.’s efforts to improve operational efficiency, reduce costs and expand its product portfolio are allowing it to remain competitive in the industry. Finally, they found that the company’s investments in research and development are providing new opportunities for growth. In conclusion, the Zacks Research team believes that 3D Systems Co. is well positioned to have a successful FY2023.

Earnings

According to their most recent earning report of FY2023 Q3, ending September 30 2021, 3D SYSTEMS earned 156.1M USD in total revenue and 292.66M USD in net income. Compared to the previous year, this indicates an 18.0% increase in total revenue and an 882.5% decrease in net income. Furthermore, 3D SYSTEMS’s total revenue has steadily declined from 156.1M USD to 123.79M USD over the last three years.

Despite the decreased revenue, 3D SYSTEMS has managed to maintain a consistent level of profitability. This suggests that they have successfully diversified their income sources and successfully implemented strategies to ensure long-term sustainability and profitability.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for 3d Systems. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for 3d Systems. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for 3d Systems. More…

Key Ratios Snapshot

Some of the financial key ratios for 3d Systems are shown below. More…

Share Price

On Tuesday, 3D SYSTEMS Co. (NYSE: DDD) reported a stock open of $6.2 and closed at $6.3, ending the day with a 1.8% gain from its last closing price of $6.2. The company also recently announced a partnership with Airbus to develop 3D printed parts for the aerospace industry, as well as a new set of 3D printing materials designed for medical applications. These developments point to a promising outlook for 3D SYSTEMS Co.’s earnings in FY2023. Further, 3D SYSTEMS Co. is expected to benefit from the surge in demand for 3D printing solutions due to the ongoing pandemic. The company is expected to capitalize on this increased demand and drive its revenue growth in FY2023.

Additionally, analysts believe that the company’s strong portfolio of products and services, as well as its investments into research and development will further fuel its growth in FY2023. In conclusion, Zacks Research has provided a positive outlook on 3D SYSTEMS Co.’s earnings in FY2023, citing strong product portfolio and recent partnerships as factors that will contribute to its sustained growth. Live Quote…

Analysis

At GoodWhale, we conducted an analysis of 3D SYSTEMS‘s wellbeing and found that the company is classified as an ‘elephant’ according to our Star Chart. This means that 3D SYSTEMS is a company that has a large amount of assets after liabilities have been deducted. This would make it an attractive investment for investors seeking stability and security. We also found that 3D SYSTEMS has an intermediate health score of 4/10 with regard to its cashflows and debt, suggesting that they are likely to safely ride out any crisis without the risk of bankruptcy. Additionally, our analysis showed that 3D SYSTEMS is strong in liquidity, medium in terms of asset, profitability and weak in dividend and growth. This information can be used to help investors decide whether or not this company is the right fit for their portfolio. More…

Peers

The company operates through two segments: 3D Printing and Additive Manufacturing. It serves customers in a range of industries, including healthcare, aerospace and defense, automotive, and consumer products. The company was founded in 1986 and is headquartered in Rock Hill, South Carolina. MGI Digital Graphic Technology SA is a French company that develops, manufactures, and markets digital printing systems. The company was founded in 1982 and is headquartered in Bordeaux, France. Fathom Digital Manufacturing Corp is a 3D printing and digital manufacturing company. The company was founded in 2013 and is headquartered in Oakland, California. HiTi Digital Inc is a Taiwanese company that designs, manufactures, and markets digital color printers and photo kiosks. The company was founded in 1991 and is headquartered in Taipei, Taiwan.

– MGI Digital Graphic Technology SA ($OTCPK:FRIIF)

MGI Digital Graphic Technology SA is a provider of digital printing and finishing solutions. The company operates through three segments: Digital Printing, Post-Press, and Software & Solutions. It offers a range of digital presses, cutters, and finishing equipment. The company also provides software solutions for the graphic arts industry. MGI Digital Graphic Technology SA was founded in 1930 and is headquartered in Rousset, France.

– Fathom Digital Manufacturing Corp ($NYSE:FATH)

Fathom is a digital manufacturing company that helps businesses make products faster and more efficiently. The company has a market cap of 152.14 million and a return on equity of 6.04%. Fathom’s technology enables businesses to streamline their manufacturing processes and reduce production costs. The company’s products are used by a variety of industries, including automotive, aerospace, consumer goods, and healthcare.

– HiTi Digital Inc ($TWSE:3494)

HTC is a Taiwanese consumer electronics company headquartered in Xindian District, New Taipei City, Taiwan. Founded in 1997, HTC began as an original design manufacturer and original equipment manufacturer, designing and manufacturing laptop computers. In 1998, HTC started selling its own branded devices, starting with the Pocket PC. The company has a market cap of 1.08B as of 2022 and a Return on Equity of -23.92%. HTC designs and manufactures smartphones and tablets. The company’s product portfolio includes the HTC One and Desire lines of smartphones, the HTC One X+ and HTC One mini tablets, and the HTC Butterfly smartphone.

Summary

Investment analysis on 3D Systems Co. (DDD) has been positive overall according to Zacks Research. Their earnings outlook for FY2023 is expected to be strong, with analysts predicting a rise in sales and revenue growth. The company’s share price is seen increasing due to their new product offerings such as 3D printing and 3D scanning solutions, which are being adopted in many industries.

In addition, their new partnerships with various companies and the efforts to expand their presence in different markets should contribute to their financial performance. The company’s focus on innovation and their ability to stay ahead of the competition should help them reach their targets. Overall, 3D Systems Co. is seen as a good long-term investment due to its strong fundamentals and potential for growth.