3D Systems Expects 2024 Revenue Of $475M-$505M, Est $508.389M
Portfolio Pulse from Benzinga Newsdesk
3D Systems has projected its 2024 revenue to be in the range of $475 million to $505 million, which is below the estimated $508.389 million by analysts.
February 27, 2024 | 11:28 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
3D Systems projects its 2024 revenue to be lower than analyst expectations, indicating potential challenges in meeting market forecasts.
The projected revenue for 2024 being lower than analyst expectations suggests that 3D Systems may face challenges in growth or market conditions that could negatively impact its stock price in the short term. Investors often react negatively to such forecasts, leading to potential declines in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100