Brokerages Expect American Superconductor Co. (NASDAQ:AMSC) Will Announce Earnings of -$0.19 Per Share

Equities research analysts forecast that American Superconductor Co. (NASDAQ:AMSC) will report earnings of ($0.19) per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Superconductor’s earnings, with estimates ranging from ($0.20) to ($0.18). American Superconductor reported earnings of ($0.07) per share in the same quarter last year, which suggests a negative year over year growth rate of 171.4%. The business is scheduled to announce its next earnings results on Tuesday, November 3rd.

According to Zacks, analysts expect that American Superconductor will report full year earnings of ($0.66) per share for the current fiscal year, with EPS estimates ranging from ($0.76) to ($0.56). For the next financial year, analysts forecast that the business will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.76) to $0.24. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow American Superconductor.

American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.12. The firm had revenue of $21.21 million for the quarter, compared to the consensus estimate of $18.35 million. American Superconductor had a negative net margin of 23.81% and a negative return on equity of 24.60%.

A number of research firms recently issued reports on AMSC. Zacks Investment Research downgraded shares of American Superconductor from a “buy” rating to a “hold” rating in a report on Wednesday, May 27th. TheStreet raised shares of American Superconductor from a “d” rating to a “c-” rating in a report on Friday, August 21st. Oppenheimer reissued a “buy” rating and issued a $14.00 price objective on shares of American Superconductor in a report on Thursday, August 6th. Finally, BidaskClub downgraded shares of American Superconductor from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. American Superconductor presently has an average rating of “Buy” and a consensus target price of $11.33.

Shares of AMSC traded up $0.23 on Tuesday, reaching $11.86. The company’s stock had a trading volume of 189,161 shares, compared to its average volume of 230,874. The stock has a market capitalization of $273.20 million, a P/E ratio of -13.22 and a beta of 1.14. The stock’s 50 day simple moving average is $12.10 and its two-hundred day simple moving average is $8.18. American Superconductor has a 12-month low of $4.40 and a 12-month high of $13.40.

A number of large investors have recently modified their holdings of AMSC. BlackRock Inc. lifted its holdings in American Superconductor by 1.8% during the first quarter. BlackRock Inc. now owns 1,437,464 shares of the technology company’s stock valued at $7,878,000 after purchasing an additional 25,403 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of American Superconductor during the first quarter valued at approximately $65,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of American Superconductor during the first quarter valued at approximately $431,000. Alps Advisors Inc. raised its position in shares of American Superconductor by 37.0% during the first quarter. Alps Advisors Inc. now owns 64,647 shares of the technology company’s stock valued at $354,000 after buying an additional 17,456 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of American Superconductor by 28.6% during the first quarter. First Trust Advisors LP now owns 100,763 shares of the technology company’s stock valued at $552,000 after buying an additional 22,397 shares during the last quarter. 48.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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