Advanced Energy Industries
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Advanced Energy Industries met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly, and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Advanced Energy Industries booked revenue of $112.5 million. The 10 analysts polled by S&P Capital IQ expected a top line of $112.6 million. Sales were 24% lower than the prior-year quarter's $148.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.01. The nine earnings estimates compiled by S&P Capital IQ predicted $0.01 per share on the same basis. GAAP EPS were -$0.06 for Q4 compared to $0.72 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 34.6%, 900 basis points worse than the prior-year quarter. Operating margin was 1.0%, 1,510 basis points worse than the prior-year quarter. Net margin was -2.5%, 2,360 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $100.2 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $481.3 million. The average EPS estimate is $0.62.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 227 members out of 239 rating the stock outperform, and 12 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Advanced Energy Industries a green thumbs-up, and three 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 $10.06.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.