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Can Advanced Energy Industries (AEIS) Run Higher on Strong Earnings Estimate Revisions?
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Advanced Energy Industries, Inc. (AEIS - Free Report) is a designer, seller and manufacturer of power conversion and control products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AEIS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Advanced Energy Industries could be a solid choice for investors.
Current Quarter Estimates for AEIS
In the past 30 days, one estimate have gone higher for Advanced Energy Industries while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 85 cents a share 30 days ago, to $1.01 today, a move of 18.8%.
Current Year Estimates for AEIS
Meanwhile, Advanced Energy Industries’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.38 per share 30 days ago to $3.67 per share today, an increase of 8.6%.
Advanced Energy Industries, Inc. Price and Consensus
The stock has also started to move higher lately, adding 20.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Can Advanced Energy Industries (AEIS) Run Higher on Strong Earnings Estimate Revisions?
Advanced Energy Industries, Inc. (AEIS - Free Report) is a designer, seller and manufacturer of power conversion and control products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AEIS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Advanced Energy Industries could be a solid choice for investors.
Current Quarter Estimates for AEIS
In the past 30 days, one estimate have gone higher for Advanced Energy Industries while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 85 cents a share 30 days ago, to $1.01 today, a move of 18.8%.
Current Year Estimates for AEIS
Meanwhile, Advanced Energy Industries’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.38 per share 30 days ago to $3.67 per share today, an increase of 8.6%.
Advanced Energy Industries, Inc. Price and Consensus
Advanced Energy Industries, Inc. Price and Consensus | Advanced Energy Industries, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 20.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>