3D Systems (DDD) Q1 Earnings Report Preview: What To Look For

3D printing company 3D Systems (NYSE:DDD) will be announcing earnings results today after market close. Here’s what to look for.

3D Systems beat analysts’ revenue expectations last quarter, reporting revenues of $106.3 million, down 4.3% year on year. It was a very strong quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

This quarter, the market is expecting 3D Systems’s revenue to decline 5.4% year on year, improving from the 8.1% decrease it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

With 3D Systems being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for industrial machinery stocks. However, the whole sector has faced a sell-off over the last month with stocks in 3D Systems’s peer group down 9.3% on average. 3D Systems is down 9.4% during the same time .