Advanced Energy Industries Reports Better Than Expected Q1 Results
<p><a href='https://financialmodelingprep.com/financial-summary/AEIS'>Advanced Energy Industries (NASDAQ:AEIS)</a> reported its Q1 results last week, with EPS coming in at $1.24, above the consensus estimate of $0.95. Revenue was $397 million, compared to the consensus estimate of $360.99 million.</p>
<p>Berenberg Bank analysts provided their views on the quarterly results, lowering their price target to $110 from $120 to reflect lower estimates and valuation multiple. The analysts mentioned that near-term challenges still remain for Q2, estimating sales to be sequentially down and margins to be almost flat. However, the analysts believe the medium-term outlook still looks attractive, emphasizing that the backlog continues to grow and supply chain issues seem to be stabilizing.</p>
<p>The company provided its Q2/22 outlook, expecting EPS in the range of $0.75-$1.35, compared to the consensus of $1.05, and revenue in the range of $370-420 million, compared to the consensus of $369 million. Management believes the company is on track to deliver an annualized EPS target of over $6 exiting 2022.</p>

NASDAQ:AEIS