Advanced Energy (AEIS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Advanced Energy Industries (AEIS) reported revenue of $374.22 million for Q3 2024, reflecting an 8.7% year-over-year decline and an EPS of $0.98 compared to $1.28 a year ago [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $374.54 million, resulting in a revenue surprise of -0.09%, while the EPS exceeded expectations by 6.52% against a consensus estimate of $0.92 [1] Revenue Breakdown - Net Sales from Semiconductor Equipment reached $197.50 million, surpassing the average estimate of $191.78 million from two analysts [3] - Net Sales from Telecom & Networking were $19.23 million, below the average estimate of $23.18 million [3] - Net Sales from Data Center Computing amounted to $80.65 million, slightly below the average estimate of $81.77 million [3] - Net Sales from Industrial & Medical totaled $76.84 million, also falling short of the average estimate of $80.09 million [3] Stock Performance - Over the past month, shares of Advanced Energy have returned +7.8%, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]