American Superconductor (NASDAQ:AMSC) Updates Q3 Earnings Guidance

American Superconductor (NASDAQ:AMSC) 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.

Analysts Set New Price Targets

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

American Superconductor Trading Up 16.4 %

AMSC traded up $4.02 on Friday, reaching $28.54. The stock had a trading volume of 2,745,563 shares, compared to its average volume of 997,881. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -570.69 and a beta of 2.14. American Superconductor has a fifty-two week low of $6.73 and a fifty-two week high of $32.70. The firm has a 50-day moving average of $22.39 and a 200-day moving average of $21.04.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. American Superconductor had a positive return on equity of 9.38% and a negative net margin of 0.49%. The company had revenue of $40.29 million during the quarter, compared to the consensus estimate of $39.55 million. Sell-side analysts anticipate that American Superconductor will post 0.18 EPS for the current fiscal year.

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.