If you’ve been buying 3D printer stocks because ‘they are the future’, you should be physically removed from society. These are bad companies, with stupid premises.
Do you remember when DDD was going up for no good reason?
Yeah, well now its going down for a damned good one — their business sucks.
Reports Q2 (Jun) earnings of $0.08 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus of $0.12; revenues rose 0.9% year/year to $159.47 mln vs the $163.01 mln Capital IQ Consensus.
Co issues guidance for FY17, sees EPS of approx $0.46, excluding non-recurring items, vs. $0.51 Capital IQ Consensus Estimate and vs prior guidance of $0.51-0.55; sees FY17 revs of $643-671 mln vs. $660.69 mln Capital IQ Consensus Estimate.
Most analysts are milquetoast on the stock, except the gigantic faggot at FBR — who reiterated his ‘market perform.’
FBR reiterates Market Perform. The firm notes the second quarter was negatively affected by challenged execution in professional printers that could, in the firm’s view, continue to negatively affect performance in that region, near term. On balance, the firm expects that shares will largely be in a holding pattern, near term, awaiting an analyst conference that management has telegraphed as occurring in September, which could allow management to lay out its long-term vision for DDD’s next steps.
Needham stays at Hold. The firm believes, while DDD is seeing solid growth in the healthcare vertical, software, and production printing, conditions remain challenging in the professional 3D printing (prototyping) market.
Stifel stays at Hold; tgt of 15. The firm notes demand for production printers was highlighted as being strong, with main issue in the quarter related to execution with professional printers.
There’s nothing else to discuss here. The stock is finished and the sector will need recover.
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they’re actually making a net profit at least.
The 3D printer sector looks pretty good to me…that’s where the innovation is.
How can 3D be over? It’s just getting started. It’s all about automation and scale. My son in law is an engineer and actually got one of his clients to buy him a high end 3D printer so he could do more developmental design work for them. That’s nuts.
ADSK?
I run CNC machines for a living, and all this crap about 3D printers being the “wave of the future” is overhyped. They are no more than expensive toys that make useless desk widgets, and while the expensive ones make to scale working models with +\- .0005 accuracy, the parts are still PLASTIC. Direct Laser Metal Sintered parts have been recently approved for aircraft use, but only in NONSTRUCTURAL and less critical interior parts. One of those machines with any sort of precision will set you back 5x what a good 5 axis mill or live tooling lathe will cost you.
https://m.youtube.com/watch?v=VImKhUD-8hk
https://m.youtube.com/watch?v=bO6sfSU5aQA
Don’t forget 3D printing is still in diapers. The potential here is not in industry but consumer markets. Imagine all the plastic garbage that you have to go and buy online or stores now as opposed to just downloading drawings/source code and printing all that plastic garbage at home.
The stepper motors they are using to drive the cheaper ones are +/- .010, but the ultraviolet hardened acrylic printers are very precise.