Advanced Energy Industries (AEIS) Tops Q3 Earnings Estimates

Core Insights - Advanced Energy Industries (AEIS) reported quarterly earnings of $0.98 per share, exceeding the Zacks Consensus Estimate of $0.92 per share, but down from $1.28 per share a year ago, indicating an earnings surprise of 6.52% [1] - The company posted revenues of $374.22 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.09%, and down from $409.99 million year-over-year [2] - Advanced Energy has surpassed consensus EPS estimates three times over the last four quarters, while it has only topped revenue estimates once in the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.03 on revenues of $384.32 million, and for the current fiscal year, it is $3.36 on revenues of $1.45 billion [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Industry Context - Advanced Energy operates within the Zacks Semiconductor Equipment - Wafer Fabrication industry, which is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]