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

Advanced Energy Industries

03/08/2023 22:01

* Advanced Energy Industries Inc  AEIS.OQ  reported
quarterly
adjusted earnings of $1.11​​ per share for the quarter ended in
June. The mean expectation of seven analysts for the quarter was
for earnings of $1.05 per share.
    * Revenue fell 5.8% to $415.51 million from a year ago;
analysts
expected $412.66 million. 
    * Advanced Energy Industries Inc's reported EPS for the
quarter
was 72 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Advanced Energy Industries Inc shares had risen by 10.5%
this
quarter and gained 43.6% so far this year.
    * The company reported quarterly net income of $27.14
million.
    * Wall Street's median 12-month price target for Advanced
Energy
Industries Inc is $112.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.05           1.11           Beat
 Mar. 31 2023      1.13           1.24           Beat
 Dec. 31 2022      1.60           1.70           Beat
 Sep. 30 2022      1.38           2.12           Beat