Advanced Energy (AEIS) To Report Q4 Earnings: What To Expect?
Zacks Investment Research | Feb 13, 2020 09:19PM ET
Advanced Energy Industries, Inc. (NASDAQ:AEIS) is scheduled to report fourth-quarter 2019 results on Feb 18, 2020.
For fourth-quarter 2019, the company expects revenues in the range of $295-$325 million. The Zacks Consensus Estimate for revenues is currently pegged at $312.5 million, suggesting growth of 102.7% from the year-ago quarter.
In the third-quarter earnings conference, management announced that it anticipated strengthening momentum in semiconductor equipment space; pickup in demand for industrial and medical applications; and ongoing momentum in data center computing to drive the fourth-quarter the top line.
Advanced Energy expects non-GAAP earnings in the band of 56-80 cents. The Zacks Consensus Estimate for earnings is pegged at 70 cents per share, unchanged over the past 30 days. The figure indicates a decline of 4.1% from the prior-year reported figure.
Notably, the company has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters, missing the same once. It has a trailing four-quarter positive surprise of 22.85%, on average.
Advanced Energy reported third-quarter 2019 non-GAAP earnings of 54 cents per share, beating the Zacks Consensus Estimate by 45.9%. Revenues of $175.1 million surpassed the Zacks Consensus Estimate of $154.7 million.
Factors Likely to Have Influenced Q4 Results
Advanced Energy’s fourth-quarter results are expected to have benefited from robust adoption of power subsystems and process-control technologies across semiconductor, and medical imaging and diagnostic verticals.
Advanced Energy Industries, Inc. Price and EPS Surprise
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