American Superconductor (AMSC) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

American Superconductor (NASDAQ:AMSC) released its quarterly earnings data on Tuesday. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.11, Fidelity Earnings reports. The business had revenue of $14.88 million during the quarter, compared to analysts’ expectations of $13.90 million. American Superconductor had a negative net margin of 42.74% and a negative return on equity of 41.86%. American Superconductor updated its Q3 2018 guidance to $-0.31–0.31 EPS.

AMSC traded up $1.85 on Wednesday, reaching $9.39. The company had a trading volume of 48,632 shares, compared to its average volume of 127,353. American Superconductor has a 1 year low of $3.06 and a 1 year high of $8.18. The stock has a market cap of $166.64 million, a PE ratio of -5.08 and a beta of 1.33.

AMSC has been the subject of several recent analyst reports. ValuEngine raised shares of American Superconductor from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. 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 price objective for the company. Finally, Zacks Investment Research raised shares of American Superconductor from a “hold” rating to a “strong-buy” rating and set a $7.00 price objective for the company in a research report on Thursday, October 25th.

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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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Earnings History for American Superconductor (NASDAQ:AMSC)

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