Advanced Energy Industries Inc reports results for the quarter ended in December - Earnings Summary

Advanced Energy Industries

08/02/2023 22:02

* Advanced Energy Industries Inc  AEIS.OQ  reported
quarterly
adjusted earnings of $1.70​​ per share for the quarter ended in
December. The mean expectation of eight analysts for the quarter
was for earnings of $1.60 per share.
    * Revenue rose 23.6% to $490.74 million from a year ago;
analysts
expected $476.88 million. 
    * Advanced Energy Industries Inc's reported EPS for the
quarter
was $1.16​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Advanced Energy Industries Inc shares had risen by 13.8%
this
quarter.
    * The company reported quarterly net income of $43.75
million.
    * Wall Street's median 12-month price target for Advanced
Energy
Industries Inc is $90.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
8 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.60           1.70           Beat
 Sep. 30 2022      1.38           2.12           Beat
 Jun. 30 2022      1.11           1.44           Beat
 Mar. 31 2022      0.95           1.24           Beat