Advanced Energy Industries
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Advanced Energy Industries beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share grew.
Gross margins dropped, operating margins expanded, net margins increased.
Advanced Energy Industries logged revenue of $113.0 million. The eight analysts polled by S&P Capital IQ predicted sales of $111.4 million on the same basis. GAAP reported sales were 0.4% higher than the prior-year quarter's $112.5 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 $0.16. The nine earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS were $0.13 for Q4 compared to -$0.07 per share for 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 34.1%, 50 basis points worse than the prior-year quarter. Operating margin was 6.7%, 570 basis points better than the prior-year quarter. Net margin was 4.3%, 680 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $100.3 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $474.3 million. The average EPS estimate is $0.96.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 224 members out of 239 rating the stock outperform, and 15 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Advanced Energy Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Energy Industries is outperform, with an average price target of $14.14.
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