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Why Is Advanced Energy (AEIS) Up 5.6% Since Last Earnings Report?
ZACKS· 2024-11-29 17:38
It has been about a month since the last earnings report for Advanced Energy Industries (AEIS) . Shares have added about 5.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Advanced Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. AEIS Q3 Earnings Beat Estima ...
Advanced Energy Industries Is Past The Worst, But The Shape Of The Recovery Still Offers Unknowns
Seeking Alpha· 2024-10-31 20:47
Writing about Advanced Energy Industries, Inc. (NASDAQ: AEIS ) in August of this year , I'd characterize my stance as "cautiously bullish" as the company continued to navigate its way through painful cyclical downturns across much ofAnalyst’s Disclosure: I/we have a beneficial long position in the shares of AEIS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). ...
AEIS Q3 Earnings Beat Estimates, Shares Down on Weak Q4 View
ZACKS· 2024-10-31 13:50
Advanced Energy Industries (AEIS) reported non-GAAP earnings of 98 cents per share in the third quarter of 2024, beating the Zacks Consensus Estimate by 6.52%. The bottom line declined 23.4% on a year-over-year basis.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $374.22 million missed the Zacks Consensus Estimate by 0.09% and declined 8.7% year over year, primarily due to the weakness across Industrial, Medical and Telecom sectors.However, revenue was up 3% sequentially ...
Advanced Energy (AEIS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-31 00:36
Advanced Energy Industries (AEIS) reported $374.22 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 8.7%. EPS of $0.98 for the same period compares to $1.28 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $374.54 million, representing a surprise of -0.09%. The company delivered an EPS surprise of +6.52%, with the consensus EPS estimate being $0.92.While investors scrutinize revenue and earnings changes year-over-year and how they c ...
Advanced Energy(AEIS) - 2024 Q3 - Earnings Call Transcript
2024-10-30 23:48
Advanced Energy Industries, Inc. (NASDAQ:AEIS) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Edwin Mok - Vice President of Strategic Marketing & Investor Relations Steve Kelley - President & Chief Executive Officer Paul Oldham - Executive Vice President Conference Call Participants Brian Chin - Stifel Joe Quatrochi - Wells Fargo Steve Barger - KeyBanc Capital Markets Robert Mertens - TD Cowen Rob Mason - Baird Jim Ricchiuti - Needham & Company Scott Graham - Seaport Resea ...
Advanced Energy(AEIS) - 2024 Q3 - Earnings Call Presentation
2024-10-30 23:19
1 Q3 2024 Earnings Presentation OCTOBER 30, 2024 SAFE HARBOR The company's guidance and other statements herein or made on the earnings conference call contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this presentation that are not historical information are forward-looking statements. Forward-looking statements are subject t ...
Advanced Energy Industries (AEIS) Tops Q3 Earnings Estimates
ZACKS· 2024-10-30 22:51
Advanced Energy Industries (AEIS) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this maker of power-conversion products would post earnings of $0.69 per share when it actually produced earnings of $0.85, delivering a surprise of 23.19%.Over ...
Advanced Energy(AEIS) - 2024 Q3 - Quarterly Report
2024-10-30 20:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-26966 dvanced ADVANCED ENERGY INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 84-08 ...
Advanced Energy(AEIS) - 2024 Q3 - Quarterly Results
2024-10-30 20:10
Exhibit 99.1 Financial News Release Advanced Energy Reports Third Quarter 2024 Results ● Revenue was $374.2 million, above the mid-point of guidance ● GAAP loss per share was $0.38, mainly due to closure of China production site ● Non-GAAP EPS was $0.98, above the mid-point of guidance ● Cash flow from continuing operations was $35.4 million DENVER, Colo., October 30, 2024 - Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and co ...
AEIS Expands Into MedTech Field: How Should You Play the Stock?
ZACKS· 2024-09-24 16:50
Advanced Energy (AEIS) is expanding its footprint in the medical technology sector with the launch of the NCF150 series of high-isolation, low-leakage current AC-DC power supplies. Designed to meet the stringent cardiac floating (CF) requirements of the IEC 60601-1 medical safety standard, these power supplies are crucial for medical equipment that comes into direct contact with the heart, such as dialysis machines and electrosurgery platforms. With outputs up to 150 W, high efficiency and enhanced safety f ...