Golf Clap for Advanced Energy Industries
Advanced Energy Industries (NAS: AEIS) reported earnings on Jan. 30. Here are the numbers you need to know.
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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At the time this article was published 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 ofMotley 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.
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