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Bear of the Day: Advanced Energy Industries (AEIS)
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Advanced Energy Industries (AEIS - Free Report) is a Zacks Rank #5 (Strong Sell) and is in a sector that has been weak and looks to be getting weaker. Poor earnings reports from a few bigger chip stocks last week make it hard for analysts to get optimistic about raising estimates. That could keep this stock a Zacks Rank #5 (Strong Sell) for a while and that made me select is as the Bear of the Day.
Description
Advanced Energy is a global leader in the development and support of technologies critical to high-technology, high-growth manufacturing processes used in the production of semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications.
Leveraging a diverse product portfolio and technology leadership, Advanced Energy creates solutions that maximize process impact, improve productivity and lower the cost of ownership for its customers. This portfolio includes a comprehensive line of technology solutions in power, flow, thermal management, and plasma and ion beam sources for original equipment manufacturers and end-users around the world.
Advanced Energy operates in regional centers in North America, Asia and Europe and offers global sales and support through direct offices, representatives and distributors,
Earnings History
When I see a stock with a Zacks Rank #5 (Strong Sell) I expect to see a lot of earnings misses. With AEIS, I see 3 beats and 1 miss in the last four reports.
That isn't what you should expect to see from a Bear of the Day.
Estimate Revisions
AEIS does not have any positive earnings estimate revisions over the last 60 days. They do, however, have 6 negative revisions for this quarter, next quarter, this year and next year.
The Zacks Consensus Estimate for 2018 has moved from $4.76 to $4.46 over the last 90 days.
An even bigger move can be seen in the 2019 Zacks Consensus Estimate. That number moved from $5.33 to $4.42.
Those movements are the primary reason this stock has slid to a Zacks Rank #5 (Strong Sell) and is now the Bear of the Day.
Chart
Advanced Energy Industries, Inc. Price and Consensus
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Bear of the Day: Advanced Energy Industries (AEIS)
Advanced Energy Industries (AEIS - Free Report) is a Zacks Rank #5 (Strong Sell) and is in a sector that has been weak and looks to be getting weaker. Poor earnings reports from a few bigger chip stocks last week make it hard for analysts to get optimistic about raising estimates. That could keep this stock a Zacks Rank #5 (Strong Sell) for a while and that made me select is as the Bear of the Day.
Description
Advanced Energy is a global leader in the development and support of technologies critical to high-technology, high-growth manufacturing processes used in the production of semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications.
Leveraging a diverse product portfolio and technology leadership, Advanced Energy creates solutions that maximize process impact, improve productivity and lower the cost of ownership for its customers. This portfolio includes a comprehensive line of technology solutions in power, flow, thermal management, and plasma and ion beam sources for original equipment manufacturers and end-users around the world.
Advanced Energy operates in regional centers in North America, Asia and Europe and offers global sales and support through direct offices, representatives and distributors,
Earnings History
When I see a stock with a Zacks Rank #5 (Strong Sell) I expect to see a lot of earnings misses. With AEIS, I see 3 beats and 1 miss in the last four reports.
That isn't what you should expect to see from a Bear of the Day.
Estimate Revisions
AEIS does not have any positive earnings estimate revisions over the last 60 days. They do, however, have 6 negative revisions for this quarter, next quarter, this year and next year.
The Zacks Consensus Estimate for 2018 has moved from $4.76 to $4.46 over the last 90 days.
An even bigger move can be seen in the 2019 Zacks Consensus Estimate. That number moved from $5.33 to $4.42.
Those movements are the primary reason this stock has slid to a Zacks Rank #5 (Strong Sell) and is now the Bear of the Day.
Chart
Advanced Energy Industries, Inc. Price and Consensus
Advanced Energy Industries, Inc. Price and Consensus | Advanced Energy Industries, Inc. Quote
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>