Advanced Energy(US:AEIS) Zacks Investment Researchยท2024-02-07 00:20Company Performance - Advanced Energy Industries (AEIS) reported quarterly earnings of $1.24 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, but down from $1.70 per share a year ago, indicating a 27.06% year-over-year decline [1] - The earnings surprise for the quarter was 7.83%, and the company has surpassed consensus EPS estimates in all four of the last quarters [1] - Revenues for the quarter were $405.27 million, missing the Zacks Consensus Estimate by 0.59%, and down from $490.74 million year-over-year, reflecting a 17.39% decline [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.12 on revenues of $402.44 million, and for the current fiscal year, it is $5.20 on revenues of $1.7 billion [4] - The estimate revisions trend for Advanced Energy is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - Advanced Energy operates within the Semiconductor Equipment - Wafer Fabrication industry, which is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable industry outlook [5] - Another company in the same industry, Applied Materials (AMAT), is expected to report quarterly earnings of $1.89 per share, reflecting a year-over-year decline of 6.9%, with revenues anticipated to be $6.47 billion, down 4% from the previous year [5][6]