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

Advanced Energy Industries

30/07/2024 22:22

* Advanced Energy Industries Inc  AEIS.OQ  reported
quarterly
adjusted earnings of 85 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of $1.11.  The mean expectation of ten analysts for
the quarter was for earnings of 71 cents per share. Wall Street
expected results to range from 63 cents to 83 cents per share.
    * Revenue fell 12.2% to $364.95 million from a year ago;
analysts
expected $350.06 million. 
    * Advanced Energy Industries Inc's reported EPS for the
quarter
was 40 cents​.
    * The company reported quarterly net income of $15.03
million.
    * Advanced Energy Industries Inc shares had risen by 1.3%
this
quarter and gained 1.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "hold"

Wall Street's median 12-month price target for Advanced Energy
Industries Inc is $106.50 
This summary was machine generated from LSEG data July 30 at
09:22 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
 Jun. 30 2024      0.71           0.85           Beat
 Mar. 31 2024      0.67           0.58           Missed
 Dec. 31 2023      1.16           1.24           Beat
 Sep. 30 2023      1.14           1.28           Beat