Advanced Energy Industries
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Advanced Energy Industries missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share was unchanged.
Gross margins grew, operating margins grew, net margins dropped.
Advanced Energy Industries logged revenue of $117.5 million. The eight analysts polled by S&P Capital IQ anticipated revenue of $120.3 million on the same basis. GAAP reported sales were 8.5% lower than the prior-year quarter's $128.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.20. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.19 per share. GAAP EPS of $0.15 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.9%, 90 basis points better than the prior-year quarter. Operating margin was 11.0%, 30 basis points better than the prior-year quarter. Net margin was 4.9%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $128.6 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $469.4 million. The average EPS estimate is $0.65.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 224 members out of 237 rating the stock outperform, and 13 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Advanced Energy Industries a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Energy Industries is hold, with an average price target of $14.13.
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