NEW YORK (TheStreet) -- Shares of 3D Systems (DDD - Get Report) are dropping 3.02% to $12.98 in mid-afternoon trading today as the 3D services company is slated to report second quarter results before tomorrow's opening bell.
Analysts project 3D Systems to post earnings of 6 cents per share on revenue of $161.01 million.
Last year, the company reported earnings of 3 cents per share on revenue of $170.5 million.
A recent survey from Piper Jaffray analysts showed lower demand for 3D printers ahead of HP's (HPQ) Fusion Jet release. The decrease in demand is likely to cause 2016 results to come in below consensus, the firm noted.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate 3D SYSTEMS CORP as a Sell with a ratings score of D. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: DDDDDD data by YCharts