Report
David Silver
EUR 100.00 For Business Accounts Only

3D Systems: Cheaper Razors to Sell More Blades: 1Q Loss Reflects Shift to Share-Driven Strategies.

We expect to raise our $11 fair value estimate for no-moat 3D Systems by roughly $1 following mixed first-quarter results and our updated financial forecasts. Key drivers include rising unit sales of printers as well as prospects for its aggressive schedule of planned new product launches in 2018.
Quarterly revenue of $166 million was up 6% year over year, though currency accounted for much of the rise. Management emphasized pockets of strength, including growth in healthcare (up 21% year on yea...
Underlying
3D Systems Corporation

3D Systems is a holding company. Through its subsidiaries, the company provides 3D printing solutions, including 3D printers for plastics and metals, materials, software, on demand manufacturing services and digital design tools. The company's solutions support applications in a range of industries and verticals, including healthcare, aerospace, automotive and durable goods. The company's healthcare capabilities include simulation, Virtual Surgical Planning (VSP?), and printing of medical and dental devices, models, and surgical guides and instruments. The company provides 3D printing technologies including Stereolithography, Selective Laser Sintering, Direct Metal Printing, MultiJet Printing and ColorJet Printing.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Silver

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