American Superconductor (NASDAQ:AMSC) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 6th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter.
American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Tuesday, July 31st. The technology company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $11.97 million. On average, analysts expect American Superconductor to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of NASDAQ AMSC traded up $0.19 during trading on Friday, hitting $7.74. 11,775 shares of the company were exchanged, compared to its average volume of 78,605. The firm has a market capitalization of $128.85 million, a P/E ratio of -4.09 and a beta of 1.19. American Superconductor has a 1 year low of $3.06 and a 1 year high of $8.03.
AMSC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of American Superconductor from a “hold” rating to a “strong-buy” rating and set a $7.00 target price 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. B. Riley initiated coverage on shares of American Superconductor in a research report on Friday, July 6th. They set a “neutral” rating and a $7.00 target price on the stock. Finally, Craig Hallum initiated 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.
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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