Piper Jaffray analyst Troy Jensen says feedback from his firm's 3D printing survey was "discouraging again" as the industry continues to work through the excess capacity. Systems sales were well below plan in Q2, but actual results for the quarter relative to estimates may not be as bad as the feedback is indicating given reduced expectations, the analyst tells investors in a research note. Jensen continues to believe second half of 2015 estimates are too high for both 3D Systems (DDD) and Stratasys (SSYS). The analyst upgraded shares of voxeljet (VJET) this morning to Overweight.

The company said: "We continue to expect to report consolidated revenue for the full fiscal year 2024 within the 265,000 to 275,000 kEUR range we communicated in our year-end 2023 earnings announcement in February 2024. We are also maintaining our Adjusted EBIT guidance of 11,000 kEUR to 14,000 kEUR for fiscal year 2024."

Cantor Fitzgerald initiated coverage of Materialise with an Overweight rating and $9.50 price target.