Advanced Energy Industries sees Q4 EPS $1.15 +/- $0.20 Vs $1.20 Est.; Revenue $405M +/- $15M Vs $426.32M Est.
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Industries (AEIS) has provided its Q4 2023 guidance, expecting EPS of $1.15 +/- $0.20, lower than the estimated $1.20. The company also anticipates revenue of $405M +/- $15M, which is below the estimated $426.32M.
October 31, 2023 | 8:09 pm
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NEGATIVE IMPACT
Advanced Energy Industries' Q4 2023 guidance is lower than estimates for both EPS and revenue, which could negatively impact the stock price in the short term.
Advanced Energy Industries' lower than expected Q4 2023 guidance for both EPS and revenue could lead to a decrease in investor confidence, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100