Can Advanced Energy (AEIS) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Investors are encouraged to consider Advanced Energy Industries (AEIS) due to improving earnings estimates and positive stock momentum [1] Earnings Estimates - Analysts are optimistic about the earnings prospects of Advanced Energy, leading to higher earnings estimates which are expected to positively impact the stock price [2] - The current quarter's earnings estimate is $1.83 per share, reflecting a 48.8% increase from the previous year, with a 38.08% rise in the Zacks Consensus Estimate over the last 30 days [6] - For the full year, the earnings estimate is projected at $8.20 per share, indicating a year-over-year increase of 27.9%, with a 10.85% increase in the consensus estimate due to four upward revisions [7][8] Zacks Rank - Advanced Energy currently holds a Zacks Rank 1 (Strong Buy), supported by strong agreement among analysts on upward earnings estimate revisions, which historically correlate with stock performance [3][9] - Stocks with Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [9] Stock Performance - The stock has experienced a 23.8% gain over the past four weeks, attributed to solid estimate revisions and favorable earnings growth prospects [10]