American Superconductor Corp reports results for the quarter ended in January 1 - Earnings Summary

American Superconductor

31/10/2024 02:34

* American Superconductor Corp  AMSC.OQ  reported quarterly
adjusted earnings of 27 cents​​ per share for the quarter ended
January 1, higher than the same quarter last year, when the
company reported breakeven earnings per share.  The mean
expectation of three analysts for the quarter was for earnings
of 4 cents per share. Wall Street expected results to range from
3 cents to 6 cents per share.
    * Revenue rose 60.2% to $54.47 million from a year ago;
analysts
expected $50.57 million. 
    * American Superconductor Corp's reported EPS for the
quarter was
13 cents​.
    * The company reported quarterly net income of $4.89
million.
    * American Superconductor Corp shares had risen by 2.0% this
quarter and gained 116.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1,401.2% in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $29.00 
This summary was machine generated from LSEG data October 31 at
02:34 a.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
 Sep. 30 2024      0.04           0.27           Beat
 Jun. 30 2024      0.01           0.08           Beat
 Mar. 31 2024      -0.02          0.05           Beat
 Dec. 31 2023      -0.06          0.03           Beat