Zacks: Brokerages Anticipate American Superconductor Co. (AMSC) to Announce -$0.23 Earnings Per Share

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Brokerages predict that American Superconductor Co. (NASDAQ:AMSC) will report ($0.23) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for American Superconductor’s earnings. The highest EPS estimate is ($0.20) and the lowest is ($0.26). American Superconductor reported earnings per share of ($0.44) during the same quarter last year, which would indicate a positive year over year growth rate of 47.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that American Superconductor will report full year earnings of ($0.86) per share for the current year, with EPS estimates ranging from ($0.88) to ($0.83). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.38) per share, with EPS estimates ranging from ($0.68) to $0.08. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover American Superconductor.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Tuesday, July 31st. The technology company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.15. American Superconductor had a negative net margin of 42.74% and a negative return on equity of 41.86%. The firm had revenue of $12.61 million during the quarter, compared to analysts’ expectations of $11.97 million.

Several brokerages recently commented on AMSC. B. Riley raised their target price on American Superconductor from $6.00 to $7.00 and gave the company a “hold” rating in a report on Monday, June 11th. Zacks Investment Research upgraded American Superconductor from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th.

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in American Superconductor by 147.7% during the 1st quarter. Millennium Management LLC now owns 278,039 shares of the technology company’s stock worth $1,618,000 after purchasing an additional 165,813 shares during the last quarter. GMT Capital Corp purchased a new stake in American Superconductor during the 2nd quarter worth approximately $218,000. Raymond James Financial Services Advisors Inc. purchased a new stake in American Superconductor during the 2nd quarter worth approximately $186,000. Finally, Scopia Capital Management LP purchased a new stake in American Superconductor during the 1st quarter worth approximately $114,000. Institutional investors own 21.75% of the company’s stock.

AMSC opened at $5.79 on Monday. American Superconductor has a twelve month low of $3.06 and a twelve month high of $8.03. The company has a market cap of $129.49 million, a PE ratio of -3.15 and a beta of 1.20.

About American Superconductor

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.

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