DDD Nails Earnings, But Wait For A Pullback
Steve Miller | Mar 15, 2018 11:52AM ET
3D Systems Corporation (NYSE:DDD) jumped 10% on Thursday morning, after beating earnings estimates and boosting guidance. The 3D printing company reported earnings per share (EPS) of $0.05 and total revenue of $166 million, compared to estimates of $0.00 for EPS and $163.5 million for revenue.
We see potential for DDD to rise to $14, however the stock is expensive and struggles with profitability, despite today’s results. In analyzing DDD’s market cycles, there may be a better buying opportunity in May. The market cycles are designated by the semicircles at the bottom of the chart.
For an introduction to cycle analysis, check out a clip of our Big Picture Analysis on YouTube, or visit askSlim.com and become a free Level 1 member for the full version.
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