American Superconductor (AMSC) Releases Q3 2018 Earnings Guidance

American Superconductor (NASDAQ:AMSC) issued an update on its third quarter 2018 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $-0.31–0.31 for the period, compared to the Thomson Reuters consensus estimate of $-0.19. The company issued revenue guidance of $14-16 million, compared to the consensus revenue estimate of $17.35 million.

Shares of NASDAQ AMSC traded up $0.13 during midday trading on Thursday, reaching $9.48. The stock had a trading volume of 440,500 shares, compared to its average volume of 185,101. The company has a market capitalization of $160.06 million, a P/E ratio of -5.15 and a beta of 1.33. American Superconductor has a twelve month low of $3.06 and a twelve month high of $9.68.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.11. The firm had revenue of $14.88 million for the quarter, compared to the consensus estimate of $13.90 million. American Superconductor had a net margin of 13.55% and a negative return on equity of 33.44%. On average, sell-side analysts expect that American Superconductor will post -0.93 earnings per share for the current year.

AMSC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of American Superconductor from a hold rating to a strong-buy rating and set a $7.00 price target on the stock in a research report on Thursday, October 25th. ValuEngine upgraded shares of American Superconductor from a hold rating to a buy rating in a research report on Tuesday, October 2nd. Finally, Craig Hallum assumed coverage on shares of American Superconductor in a research report on Thursday, September 13th. They set a buy rating and a $11.00 target price on the stock.

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American Superconductor Company Profile

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.

Further Reading: Rule of 72

Earnings History and Estimates for American Superconductor (NASDAQ:AMSC)

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