Advanced Energy Expects Q2 Revenue Of $330M-$370M (Est $360.95M); Adj EPS $0.48-$0.98 (Est $0.72)
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy has provided its Q2 revenue and adjusted EPS forecasts, expecting revenues to be between $330M-$370M, with an estimated consensus of $360.95M. The adjusted EPS is projected to be in the range of $0.48-$0.98, against an estimated consensus of $0.72.
May 01, 2024 | 10:19 pm
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Advanced Energy forecasts Q2 revenue of $330M-$370M and adjusted EPS of $0.48-$0.98, which aligns closely with analyst estimates.
The forecasted revenue and EPS by Advanced Energy are in line with analyst expectations, indicating a neutral short-term impact on the stock price. The company's guidance falls within the range of analyst estimates, suggesting that the market may have already priced in these expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100