Advanced Energy Industries (Nasdaq: AEIS) is expected to report Q2 earnings around July 29. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Advanced Energy Industries's revenues will increase 20.6% and EPS will decrease 0.0%.

The average estimate for revenue is $139.5 million. On the bottom line, the average EPS estimate is $0.18.

Revenue details
Last quarter, Advanced Energy Industries chalked up revenue of $111.8 million. GAAP reported sales were 5.7% higher than the prior-year quarter's $105.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.29. GAAP EPS of $0.17 for Q1 were 467% higher than the prior-year quarter's $0.03 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 37.4%, 20 basis points worse than the prior-year quarter. Operating margin was 6.9%, 390 basis points better than the prior-year quarter. Net margin was 6.1%, 510 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $562.0 million. The average EPS estimate is $1.03.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 221 members out of 235 rating the stock outperform, and 14 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Advanced Energy Industries a green thumbs-up, and five 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 $19.60.

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