American Superconductor (NASDAQ:AMSC) Issues Q3 Earnings Guidance

American Superconductor (NASDAQ:AMSCGet Free Report) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.05 for the period, compared to the consensus EPS estimate of $0.07. The company issued revenue guidance of $55-60 million, compared to the consensus revenue estimate of $56.03 million. American Superconductor also updated its Q3 2024 guidance to 0.050- EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMSC. Roth Mkm reissued a “buy” rating and issued a $29.00 price target on shares of American Superconductor in a research note on Monday, September 30th. Craig Hallum reaffirmed a “buy” rating and issued a $33.00 price objective on shares of American Superconductor in a research note on Tuesday, September 10th.

View Our Latest Research Report on American Superconductor

American Superconductor Trading Down 2.5 %

NASDAQ:AMSC traded down $0.60 during midday trading on Wednesday, hitting $23.48. 767,567 shares of the company were exchanged, compared to its average volume of 983,567. American Superconductor has a fifty-two week low of $6.08 and a fifty-two week high of $32.70. The company has a market capitalization of $868.71 million, a PE ratio of -60.21 and a beta of 2.14. The company has a fifty day simple moving average of $22.09 and a 200 day simple moving average of $20.88.

American Superconductor (NASDAQ:AMSCGet Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. American Superconductor had a negative net margin of 5.29% and a positive return on equity of 1.15%. The firm had revenue of $40.29 million during the quarter, compared to analysts’ expectations of $39.55 million. As a group, equities research analysts expect that American Superconductor will post 0.17 EPS for the current year.

American Superconductor Company Profile

(Get Free Report)

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.

Further Reading

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