3D Systems Corporation (DDD), Stratasys, Ltd. (SSYS) & ExOne Co (XONE): Anthony Vicari & Ashok Kumar Were Right About Growth, Not Stock Prices


The 3D printing industry, which 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:SSYS) and ExOne Co (NASDAQ:XONE) are involved in would continue to grow, Anthony Vicari and Ashok Kumar said in an interview last year on CNBC. It turns out that Vicari of Lux Research and Kumar of The Maxim Group were more right about the growth expected in the industry than the expected prices of these stocks.

In the interview, Vicari said back then that the advent of the personal 3D printer, or at least the declining price of 3D printing systems, was driving the interest in companies such as 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:SSYS) and ExOne Co (NASDAQ:XONE). However, he did point out that he thinks that the industrial applications of 3D printing is where the market was and will continue to be going forward.

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At the time, the industry was growing over 20% annually. The data which was shown by CNBC revealed a 24.1% growth for 2010, 29.4% for 2011 and 28.6% for 2012. On the average, the 3D printing industry grew 25.4% over 25 years, the data also revealed. It was also noted that adoption was picking up in the automotive, medical and aeronautics spaces.

However, it seems that despite the continued growth in the 3D printing industry, 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:SSYS) and ExOne Co (NASDAQ:XONE) are not all performing as analysts expect.

In the most recent quarter, 3D Systems Corporation (NYSE:DDD) posted $0.16 earnings per share, two cents below expectations. Revenue for the company was reported to be $151.5 million, a growth of 25.4%. This, however, was also below the $161.9 million consensus.

In contrast, Stratasys, Ltd. (NASDAQ:SSYS) crushed estimates for the second quarter of the year. It reported a 67% increase in revenue, which it said was $178.5 million for the most recent quarter. Adjusted earnings per share grew by 22% to $0.55, higher than the $0.45 consensus.

Meanwhile, Kumar said then that the commercialization of the 3D printing systems made by 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:SSYS) and ExOne Co (NASDAQ:XONE) will be a key driver for the stocks. However, he missed when he said that 3D Systems Corporation is seen to trade at high $50s and Stratasys at about $100. At the time, 3D Systems Corporation (NYSE:DDD) was trading at over $46 and Stratasys, Ltd. (NASDAQ:SSYS) was trading at over $86. Right now, 3D Systems Corporation made little gain and is trading at above $48, while Stratasys is trading at above $114.


Disclosure: None

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