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

Advanced Energy Industries

31/10/2023 21:02

* Advanced Energy Industries Inc  AEIS.OQ  reported
quarterly
adjusted earnings of $1.28​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $2.12.The mean expectation of
seven analysts for the quarter was for earnings of $1.14 per
share. Wall Street expected results to range from $1.13 
to $1.18 per share.
    * Revenue fell 20.6% to $409.99 million from a year ago;
analysts
expected $417.90 million. 
    * Advanced Energy Industries Inc's reported EPS for the
quarter
was 86 cents​.
    * The company reported quarterly net income of $32.72
million.
    * Advanced Energy Industries Inc shares had fallen by 16.0%
this
quarter and gained 0.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.8%
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," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Advanced Energy
Industries Inc is $130.00 
This summary was machine generated from LSEG data October 31 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.14           1.28           Beat
 Jun. 30 2023      1.05           1.11           Beat
 Mar. 31 2023      1.13           1.24           Beat
 Dec. 31 2022      1.60           1.70           Beat