Advanced Energy Industries Analysts Increase Their Forecasts After Strong Q4 Earnings

Core Viewpoint - Advanced Energy Industries Inc reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates [1][2] Financial Performance - The company reported quarterly earnings of $1.94 per share, exceeding the analyst consensus estimate of $1.76 per share [1] - Quarterly sales reached $489.400 million, surpassing the analyst consensus estimate of $473.079 million [1] First-Quarter Guidance - Advanced Energy expects adjusted EPS for the first quarter to be between $1.69 and $2.19, compared to market estimates of $1.64 [2] - The company anticipates sales in the range of $480.000 million to $520.000 million, against projections of $464.868 million [2] Stock Performance - Following the earnings announcement, Advanced Energy shares gained 5.8%, reaching $294.93 in pre-market trading [2] Analyst Ratings and Price Targets - Needham analyst James Ricchiuti maintained a Buy rating and raised the price target from $290 to $330 [3] - Susquehanna analyst Mehdi Hosseini maintained a Positive rating and increased the price target from $300 to $375 [3] - Keybanc analyst Steve Barger maintained an Overweight rating and raised the price target from $290 to $330 [3]