-$0.32 Earnings Per Share Expected for American Superconductor Corporation (AMSC) This Quarter
Wall Street brokerages expect American Superconductor Corporation (NASDAQ:AMSC) to report earnings per share of ($0.32) for the current quarter, Zacks reports. Zero analysts have provided estimates for American Superconductor Corporation’s earnings, with the lowest EPS estimate coming in at ($0.34) and the highest estimate coming in at ($0.31). American Superconductor Corporation reported earnings per share of ($0.21) in the same quarter last year, which suggests a negative year-over-year growth rate of 52.4%. The firm is expected to issue its next quarterly earnings report on Monday, February 5th.
According to Zacks, analysts expect that American Superconductor Corporation will report full-year earnings of ($2.32) per share for the current fiscal year, with EPS estimates ranging from ($2.54) to ($2.16). For the next year, analysts forecast that the business will post earnings of ($0.74) per share, with EPS estimates ranging from ($0.86) to ($0.66). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for American Superconductor Corporation.
American Superconductor Corporation (NASDAQ:AMSC) last announced its earnings results on Tuesday, November 7th. The technology company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.25. The firm had revenue of $11.05 million for the quarter, compared to analysts’ expectations of $10.93 million. American Superconductor Corporation had a negative net margin of 50.90% and a negative return on equity of 58.10%. The company’s quarterly revenue was down 40.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.60) EPS.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of American Superconductor Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. FBR & Co cut shares of American Superconductor Corporation from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $9.00 to $6.00 in a research note on Friday, July 21st. Finally, Cowen and Company reiterated a “buy” rating and issued a $6.00 price target (down previously from $7.50) on shares of American Superconductor Corporation in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. American Superconductor Corporation has an average rating of “Buy” and an average target price of $7.04.
A number of institutional investors and hedge funds have recently bought and sold shares of AMSC. GMT Capital Corp bought a new position in American Superconductor Corporation during the 3rd quarter valued at about $141,000. LMR Partners LLP bought a new position in American Superconductor Corporation during the 2nd quarter valued at about $169,000. Dimensional Fund Advisors LP lifted its stake in American Superconductor Corporation by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock valued at $173,000 after acquiring an additional 2,600 shares during the period. Wedbush Securities Inc. bought a new position in American Superconductor Corporation during the 3rd quarter valued at about $210,000. Finally, Bank of New York Mellon Corp lifted its stake in American Superconductor Corporation by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 83,720 shares of the technology company’s stock valued at $575,000 after acquiring an additional 1,635 shares during the period. Institutional investors and hedge funds own 32.57% of the company’s stock.
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American Superconductor Corporation (NASDAQ AMSC) opened at $3.48 on Tuesday. American Superconductor Corporation has a one year low of $2.89 and a one year high of $8.54.
About American Superconductor Corporation
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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