3D printing was an industry that took a backseat after 2014 and saw a significant downturn in this time as well. However, after one of these industry leaders reported earnings recently, a few of the major 3D printing stocks made significant runs. Looking closely at the data, it appears that 3D printing is coming back in style for investors.
It all started when Stratasys Ltd. (NASDAQ: SSYS) reported its earnings before the markets opened Thursday. The company had a beat on both the top and the bottom lines, with a net loss of $0.01 per share on $173.4 million in revenue coming over the top of consensus estimates of a net loss of $0.12 per share on $168.31 million in revenue.
The company had very strong guidance as well for the 2016 full year. Stratasys said that it expects to have earnings per share (EPS) in the range of $0.17 to $0.43 and revenues between $700 million and $730 million. The consensus estimates call for $0.18 in EPS on $700.62 million in revenue for the year.
Although these positive results appear to be the work of a restructuring plan just within the company, a few other 3D printing companies are up on this earnings report as well, suggesting a rising tide in the industry.
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