Published on 4 May 2024 on Simply Wall St. via Yahoo Finance
Advanced Energy Industries, Inc. Just Missed EPS By 57%: Here's What Analysts Think Will Happen Next
The analysts might have been a bit too bullish on Advanced Energy Industries, Inc. (NASDAQ:AEIS), given that the company fell short of expectations when it released its first-quarter results last week. Results showed a clear earnings miss, with US$327m revenue coming in 6.9% lower than what the analystsexpected. Statutory earnings per share (EPS) of US$0.14 missed the mark badly, arriving some 57% below what was expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
View our latest analysis for Advanced Energy Industries
