Advanced Energy Industries Inc expected to post earnings of 71 cents a share - Earnings Preview

Advanced Energy Industries

26/07/2024 21:52

* Advanced Energy Industries Inc  AEIS.OQ   AEIS.O  is
expected
to show a fall in quarterly revenue when it reports  results on
July 30 for the period ending June 30 2024
    * The Denver Colorado-based  company is expected to report a
15.8% decrease in revenue to $350.057 million from $415.51
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
$330.00 million and $370.00 million.
    * ​LSEG's mean analyst estimate for Advanced Energy
Industries Inc
is for earnings of 71 cents per share. The company's EPS
guidance on May 1 2024, for the period ended June 30, was
between $0.48 and $0.98 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"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 $106.50​, below​ its last closing price
of $108.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024              0.67       0.58      Missed  -13.4
 Dec. 31 2024              1.16       1.24      Beat    6.8
 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.        1.14        1.13       1.24      Beat    9.5
 31 2023                                                
 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. 30 2022  1.12        1.11       1.44      Beat    29.8
 This summary was machine generated July 26 at 20:52 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)