Advanced Energy Industries Inc reports results for the quarter ended in September 30 - Earnings Summary

Advanced Energy Industries

31/10/2024 02:33

* Advanced Energy Industries Inc  AEIS.OQ  reported
quarterly
adjusted earnings of 98 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of $1.28.  The mean expectation of
twelve analysts for the quarter was for earnings of 91 cents per
share. Wall Street expected results to range from 84 cents
to $1.00 per share.
    * Revenue fell 8.7% to $374.22 million from a year ago;
analysts
expected $372.49 million. 
    * Advanced Energy Industries Inc's reported EPS for the
quarter
was a loss of 40 cents​.
    * The company reported a quarterly loss of $14.91 million.
    * Advanced Energy Industries Inc shares had risen by 5.5%
this
quarter and gained 1.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"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 117.00 
This summary was machine generated from LSEG data October 31 at
02:33 a.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
 Sep. 30 2024      0.91           0.98           Beat
 Jun. 30 2024      0.71           0.85           Beat
 Mar. 31 2024      0.67           0.58           Missed
 Dec. 31 2023      1.16           1.24           Beat