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

Advanced Energy Industries

03/05/2023 22:02

* Advanced Energy Industries Inc  AEIS.OQ  reported
quarterly
adjusted earnings of $1.24​​ per share for the quarter ended in
March. The mean expectation of eight analysts for the quarter
was for earnings of $1.13 per share.
    * Revenue rose 6.9% to $425.04 million from a year ago;
analysts
expected $415.15 million. 
    * Advanced Energy Industries Inc's reported EPS for the
quarter
was 82 cents​.
    * The mean earnings estimate of analysts had fallen by
about 11%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Advanced Energy Industries Inc shares had fallen by 10.7%
this
quarter and gained 2.0% so far this year.
    * The company reported quarterly net income of $30.92
million.
    * Wall Street's median 12-month price target for Advanced
Energy
Industries Inc is $105.00 
    * 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 LSEG Refinitiv data May
3 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.13           1.24           Beat
 Dec. 31 2022      1.60           1.70           Beat
 Sep. 30 2022      1.38           2.12           Beat
 Jun. 30 2022      1.11           1.44           Beat