American Superconductor Corp reports results for the quarter ended in December - Earnings Summary

American Superconductor

24/01/2024 22:55

* American Superconductor Corp  AMSC.OQ  reported quarterly
adjusted earnings of 3 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of -27 cents.  The mean expectation of
three analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from -8 cents to -3
cents per share.
    * Revenue rose 64.8% to $39.35 million from a year ago;
analysts
expected $34.00 million. 
    * American Superconductor Corp's reported EPS for the
quarter was
a loss of 6 cents​.
    * The company reported a quarterly loss of $1.65 million.
    * American Superconductor Corp shares had fallen by 10.0%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 22.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for American
Superconductor Corp is $14.00 
This summary was machine generated from LSEG data January 24 at
10:55 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.06          0.03           Beat
 Sep. 30 2023      -0.09          0.00           Beat
 Jun. 30 2023      -0.16          -0.08          Beat
 Mar. 31 2023      -0.20          -0.28          Missed