American Superconductor (NASDAQ:AMSC) Issues Q3 2024 Earnings Guidance

American Superconductor (NASDAQ:AMSC) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.050- for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $55.0 million-$60.0 million, compared to the consensus revenue estimate of $56.0 million. American Superconductor also updated its Q3 guidance to $0.05 EPS.

Analyst Ratings Changes

AMSC has been the topic of a number of analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $33.00 target price on shares of American Superconductor in a research note on Tuesday, September 10th. Roth Mkm reiterated a “buy” rating and issued a $29.00 price objective on shares of American Superconductor in a research report on Monday, September 30th.

American Superconductor Trading Up 16.4 %

American Superconductor stock traded up $4.02 during trading on Friday, hitting $28.54. The company had a trading volume of 2,745,563 shares, compared to its average volume of 997,881. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -570.69 and a beta of 2.14. American Superconductor has a 1-year low of $6.73 and a 1-year high of $32.70. The company’s 50 day simple moving average is $22.39 and its 200-day simple moving average is $21.04.

American Superconductor (NASDAQ:AMSC) last posted 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. The firm had revenue of $40.29 million for the quarter, compared to the consensus estimate of $39.55 million. American Superconductor had a positive return on equity of 9.38% and a negative net margin of 0.49%. As a group, analysts forecast that American Superconductor will post 0.18 earnings per share for the current fiscal year.

About American Superconductor

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.