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

American Superconductor

07/08/2024 24:46

* American Superconductor Corp  AMSC.OQ  reported quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of -8 cents.  The mean expectation of
three analysts for the quarter was for earnings of one cent per
share. Wall Street expected results to range from zero cents
to 3 cents per share.
    * Revenue rose 33.2% to $40.29 million from a year ago;
analysts
expected $39.33 million. 
    * American Superconductor Corp's reported EPS for the
quarter was
a loss of 7 cents​.
    * The company reported a quarterly loss of $2.52 million.
    * American Superconductor Corp shares had fallen by 12.8%
this
quarter and gained 83.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 130%
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 $27.00 
This summary was machine generated from LSEG data August 6 at
11:46 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
 Jun. 30 2024      0.01           0.08           Beat
 Mar. 31 2024      -0.02          0.05           Beat
 Dec. 31 2023      -0.06          0.03           Beat
 Sep. 30 2023      -0.09          0.00           Beat