3D Systems Corp. (TDSC) easily beat Wall Street expectations and earnings are expected to grow exponentially this year.
Company Description
3 D Systems provides 3-D printing, prototyping and manufacturing services and parts.
Crushed Estimates
3D Systems reported quarterly results on Feb 24 that showed earnings per share of 16 cents. This was 7 cents ahead of expectations.
Net income rose $2.7 million to $3.6 million since the same period last year. The company has a solid balance sheet with no debt and $25 million in cash.
Bullish Revisions
Following the report analysts for 3D Systems started raising full-year estimates. The Zacks Consensus Estimate for 2010 is now 48 cents, up from 20 cents heading into the news.
Projections for 2011 are averaging 51 cents, up a penny over that time. Growth rates are expected to be 867% this year and 6% in 2011.
The Chart
Shares of TDSC rose sharply before and after the recent earnings news. However, shares have tapered off lately which could present a nice buying opportunity.
Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service Zacks Investment Research
