American Superconductor Corp expected to post a loss of 2 cents a share - Earnings Preview

American Superconductor

27/05/2024 21:37

* American Superconductor Corp  AMSC.OQ   AMSC.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 29 for the period ending March 31 2024
    * The Devens Massachusetts-based  company is expected to
report a
17.0% increase in revenue to $37.133 million from $31.74 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on January 24 2024,
for the period ended March 31, was for revenue between $36.00
million and $40.00 million.
    * ​LSEG's mean analyst estimate for American Superconductor
Corp
is for a loss of 2 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for American
Superconductor Corp is $16.00​, below​ its last closing price
of $16.06. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.06       -0.06      0.03      Beat    152.9
 Sep. 30 2023  -0.08       -0.09      0.00      Beat    100
 Jun. 30 2023  -0.17       -0.16      -0.08     Beat    51.5​
 Mar. 31 2023  -0.21       -0.20      -0.28     Missed  -41.8
 ​​Dec.        -0.25       -0.25      -0.27     Missed  -9.1
 31 2022                                                
 Sep. 30 2022  -0.23       -0.22      -0.23     Missed  -5.7​
 Jun. 30 2022  -0.24       -0.24      -0.25     Missed  -5.3
 Mar. 31 2022  -0.16       -0.16      -0.17     Missed  -3
 This summary was machine generated May 27 at 20:37 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)