Advanced Energy Industries (AEIS) Q1 Earnings and Revenues Lag Estimates

分组1 - Advanced Energy Industries (AEIS) reported quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.71 per share, and down from $1.24 per share a year ago, representing an earnings surprise of -18.31% [1] - The company posted revenues of $327.48 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 8.35%, and down from $425.04 million year-over-year [1] - Over the last four quarters, Advanced Energy has surpassed consensus EPS estimates three times but has topped consensus revenue estimates only once [1] 分组2 - Advanced Energy shares have declined approximately 12% since the beginning of the year, contrasting with the S&P 500's gain of 5.6% [2] - The current consensus EPS estimate for the upcoming quarter is $0.80 on revenues of $381.23 million, and for the current fiscal year, it is $3.58 on revenues of $1.57 billion [4] - The Semiconductor Equipment - Wafer Fabrication industry, to which Advanced Energy belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5]