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

Advanced Energy Industries

06/02/2024 22:50

* Advanced Energy Industries Inc  AEIS.OQ  reported
quarterly
adjusted earnings of $1.24​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.70.  The mean expectation of
nine analysts for the quarter was for earnings of $1.16 per
share. Wall Street expected results to range from $1.08 
to $1.27 per share.
    * Revenue fell 17.4% to $405.27 million from a year ago;
analysts
expected $406.08 million. 
    * Advanced Energy Industries Inc's reported EPS for the
quarter
was $1.00​.
    * The company reported quarterly net income of $37.5
million.
    * Advanced Energy Industries Inc shares had fallen by 3.5%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the electrical
components & equipment peer group is  "hold."

Wall Street's median 12-month price target for Advanced Energy
Industries Inc is $110.00 
This summary was machine generated from LSEG data February 6 at
10:50 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.16           1.24           Beat
 Sep. 30 2023      1.14           1.28           Beat
 Jun. 30 2023      1.05           1.11           Beat
 Mar. 31 2023      1.13           1.24           Beat