American Superconductor (AMSC) Scheduled to Post Earnings on Wednesday

American Superconductor (NASDAQ:AMSC) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect American Superconductor to post earnings of $0.04 per share for the quarter. American Superconductor has set its Q2 guidance at $0.00 EPS and its Q2 2024 guidance at 0.000- EPS.

American Superconductor (NASDAQ:AMSC) last released its earnings results on Tuesday, August 6th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. American Superconductor had a positive return on equity of 1.15% and a negative net margin of 5.29%. The company had revenue of $40.29 million for the quarter, compared to analysts’ expectations of $39.55 million. On average, analysts expect American Superconductor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

American Superconductor Trading Up 2.0 %

NASDAQ AMSC opened at $22.64 on Friday. The business’s 50 day moving average is $21.92 and its two-hundred day moving average is $20.53. American Superconductor has a 12-month low of $6.05 and a 12-month high of $32.70. The stock has a market capitalization of $837.63 million, a price-to-earnings ratio of -58.05 and a beta of 2.14.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Roth Mkm reiterated a “buy” rating and set a $29.00 target price on shares of American Superconductor in a research report on Monday, September 30th. Craig Hallum restated a “buy” rating and issued a $33.00 price target on shares of American Superconductor in a report on Tuesday, September 10th.

American Superconductor Company Profile

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.