Financial News
Desktop Metal Earnings: What To Look For From DM
3D printing company Desktop Metal (NYSE:DM) is expected to be reporting earnings tomorrow before market hours. Here’s what to expect.
Desktop Metal missed analysts’ revenue expectations by 14.4% last quarter, reporting revenues of $38.93 million, down 26.9% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.
Is Desktop Metal a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Desktop Metal’s revenue to decline 5.3% year on year to $40.5 million, improving from the 9.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.41 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Desktop Metal has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Desktop Metal’s peers in the custom parts manufacturing segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Proto Labs’s revenues decreased 3.9% year on year, beating analysts’ expectations by 3.5%, and Markforged reported revenues up 2%, falling short of estimates by 9.1%. Proto Labs traded up 23.4% following the results while Markforged was down 1.7%.
Read our full analysis of Proto Labs’s results here and Markforged’s results here.
There has been positive sentiment among investors in the custom parts manufacturing segment, with share prices up 3.7% on average over the last month. Desktop Metal is down 18.4% during the same time and is heading into earnings with an average analyst price target of $5 (compared to the current share price of $4).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.