Advanced Energy Industries Inc expected to post earnings of $1.14 a share - Earnings Preview

Advanced Energy Industries

28/10/2023 03:04

* Advanced Energy Industries Inc  AEIS.OQ   AEIS.O  is
expected
to show a fall in quarterly revenue when it reports  results 
    * The Denver Colorado-based  company is expected to report 
a
19.1% decrease in revenue to $417.9 million from $516.27 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on August 3
2023, for the period ended September 30, was for revenue between
400.00 million and 430.00 million.
    * ​Refinitiv's mean analyst estimate for Advanced Energy
Industries Inc is for earnings of $1.14 per share. The company's
EPS guidance on August 3 2023, for the period ended September
30, was between 0.93 and 1.33 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Advanced
Energy
Industries Inc is $130​, above​ its last closing price
of $87.83. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for gross profit margin between 36.2% and
36.4%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  1.05        1.05       1.11      Beat    5.8
 Mar. 31 2023  1.14        1.13       1.24      Beat    9.5
 Dec. 31 2022  1.60        1.60       1.70      Beat    6.5​
 Sep. 30 2022  1.41        1.38       2.12      Beat    53.6
 ​​Jun.        1.12        1.11       1.44      Beat    29.8
 30 2022                                                
 Mar. 31 2022  0.95        0.95       1.24      Beat    30.5​
 Dec. 31 2021  0.96        0.94       1.36      Beat    44
 Sep. 30 2021  0.83        0.82       0.89      Beat    8.3
 This summary was machine generated October 28 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated