American Superconductor (NASDAQ:AMSC) Updates Q4 2024 Earnings Guidance

American Superconductor (NASDAQ:AMSC) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of -0.070- for the period, compared to the consensus EPS estimate of 0.080. The company issued revenue guidance of $59.0 million-$63.0 million, compared to the consensus revenue estimate of $59.2 million.

Analyst Ratings Changes

Separately, Oppenheimer increased their target price on American Superconductor from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th.

American Superconductor Stock Up 0.2 %

AMSC traded up $0.06 during trading hours on Friday, hitting $34.30. 1,383,314 shares of the company’s stock were exchanged, compared to its average volume of 1,193,384. American Superconductor has a 1-year low of $10.21 and a 1-year high of $38.02. The stock’s 50-day moving average is $27.67 and its two-hundred day moving average is $25.51. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -692.88 and a beta of 2.26.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a positive return on equity of 8.29% and a negative net margin of 0.49%. On average, equities research analysts anticipate that American Superconductor will post 0.37 EPS for the current year.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.