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

American Superconductor

02/11/2023 24:38

* American Superconductor Corp  AMSC.OQ  reported quarterly
breakeven results​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of -23 cents.  The mean expectation of
three analysts for the quarter was for a loss of 9 cents per
share. Wall Street expected results to range from -12 cents
to -7 cents per share.
    * Revenue rose 22.8% to $34.00 million from a year ago;
analysts
expected $30.40 million. 
    * American Superconductor Corp's reported EPS for the
quarter was
a loss of 9 cents​.
    * The company reported a quarterly loss of $2.49 million.
    * American Superconductor Corp shares had fallen by 17.0%
this
quarter and gained 70.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 28% 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 $12.00 
This summary was machine generated from LSEG data November 2 at
12:38 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.09          0.00           Beat
 Jun. 30 2023      -0.16          -0.08          Beat
 Mar. 31 2023      -0.20          -0.28          Missed
 Dec. 31 2022      -0.25          -0.27          Missed