Advanced Energy Industries, Inc. (NASDAQ:AEIS) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, AEIS is expected to report 3Q20 income of $ 1.16 per share from revenue of $ 350.61 million.
For the full year, analysts anticipate top line of $ 1354.34 million, while looking forward to income of $ 4.33 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.90 ~ $ 1.40 per share, while revenues are expected in a range of $ 325.00 million ~ $ 375.00 million
Click Here For More Historical Outlooks Of Advanced Energy Industries, Inc.
Previous Quarter Performance
Advanced Energy Industries, Inc. communicated income for the second quarter of $ 1.18 per share, from the revenue of $ 339.88 million. The quarterly earnings 162.22 percent while revenues elevated 152.12 percent compared with the same quarter last year.
According to street consensus, AEIS was expected to report 2Q20 income of $ 0.81 per share from revenue of $ 318.21 million. The bottom line results beat street analysts by $ 0.37 or 45.68 percent, at the same time, top line results outshined analysts by $ 21.67 million or 6.81 percent.
Stock Performance
Shares of Advanced Energy Industries, Inc. traded up $ 3.46 or 4.76 percent on Wednesday, reaching $ 76.10 with volume of 270.20 thousand shares. Advanced Energy Industries, Inc. has traded high as $ 76.33 and has cracked $ 71.90 on the downward trend
The closing price of $ 76.10, representing a 117.62 % increase from the 52 week low of $ 33.38 and a 11.69 % decrease over the 52 week high of $ 82.26.
The company has a market capital of $ 2.92 billion and is part of the Technology sector and Diversified Electronics industry.
Recent Analyst recommendations
- On 6th October 2020, initiated by Rosenblatt Securities at Buy rating.
Conference Call
Advanced Energy Industries, Inc. will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.advancedenergy.com
Advanced Energy Industries, Inc., together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation. The company also provides power control modules and thermal instrumentation products for rapid thermal processing, chemical vapor deposition, crystal growing, and other semiconductor and adjacent thin film applications, as well as in chemical processing, metal and glass manufacturing, and other general industrial power applications; and high voltage products for semiconductor wafer processing and metrology, electrostatic clamping of substrates, scientific instrumentation, mass spectrometry, and analytical X-ray systems for industrial and analytical applications.
