Advanced Energy Industries Inc expected to post earnings of $1.16 a share - Earnings Preview

Advanced Energy Industries

02/02/2024 22:38

* Advanced Energy Industries Inc  AEIS.OQ   AEIS.O  is
expected
to show a fall in quarterly revenue when it reports  results on
February 6 for the period ending December 31 2023
    * The Denver Colorado-based  company is expected to report a
17.3% decrease in revenue to $406.085 million from $490.74
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on October
31 2023, for the period ended December 31, was for revenue
between $390.00 million and $420.00 million.
    * ​LSEG's mean analyst estimate for Advanced Energy
Industries Inc
is for earnings of $1.16 per share. The company's EPS guidance
on October 31 2023, for the period ended December 31, was
between $0.95 and $1.35 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"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 $110.00​, above​ its last closing price
of $105.99. ​​​

The company's guidance on October 31 2023 for the period ended
December 31 was for Capital Expenditures between USD15.6 million
and USD16.8 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.15        1.14       1.28      Beat    12.3
 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.        1.41        1.38       2.12      Beat    53.6
 30 2022                                                
 Jun. 30 2022  1.12        1.11       1.44      Beat    29.8​
 Mar. 31 2022  0.95        0.95       1.24      Beat    30.5
 Dec. 31 2021  0.96        0.94       1.36      Beat    44
 This summary was machine generated February 2 at 22:38 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)