Advanced Energy Industries
The 10-second takeaway
For the quarter ended March 31 (Q1), Advanced Energy Industries beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Advanced Energy Industries reported revenue of $105.8 million. The nine analysts polled by S&P Capital IQ looked for sales of $100.1 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $137.7 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 $0.06. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.02 per share. GAAP EPS of $0.03 for Q1 were 93% lower than the prior-year quarter's $0.43 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.6%, 750 basis points worse than the prior-year quarter. Operating margin was 3.0%, 1,470 basis points worse than the prior-year quarter. Net margin was 1.0%, 1,270 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $112.9 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $477.0 million. The average EPS estimate is $0.66.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 226 members out of 238 rating the stock outperform, and 12 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 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 $11.25.
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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.