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3D Systems (DDD) Dips More Than Broader Markets: What You Should Know

3D Systems (DDD) closed at $27.54 in the latest trading session, marking a -0.83% move from the prior day. This change lagged the S&P 500's daily loss of 0.54%.

Prior to today's trading, shares of the maker of 3D printers had lost 27.87% over the past month. This has lagged the Computer and Technology sector's gain of 2.05% and the S&P 500's gain of 3.05% in that time.

Investors will be hoping for strength from DDD as it approaches its next earnings release, which is expected to be August 9, 2021. In that report, analysts expect DDD to post earnings of $0.05 per share. This would mark year-over-year growth of 138.46%. Meanwhile, our latest consensus estimate is calling for revenue of $141.93 million, up 26.66% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.37 per share and revenue of $586.9 million, which would represent changes of +436.36% and +5.83%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for DDD. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. DDD is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note DDD's current valuation metrics, including its Forward P/E ratio of 75.87. This valuation marks a premium compared to its industry's average Forward P/E of 17.27.

The Computer - Mini computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 116, which puts it in the top 46% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow DDD in the coming trading sessions, be sure to utilize Zacks.com.


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