Analysts Expect American Superconductor (AMSC) to Post -$0.31 EPS

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Wall Street analysts expect that American Superconductor (NASDAQ:AMSC) will announce earnings per share of ($0.31) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for American Superconductor’s earnings, with the highest EPS estimate coming in at ($0.27) and the lowest estimate coming in at ($0.34). American Superconductor reported earnings of ($0.51) per share during the same quarter last year, which indicates a positive year over year growth rate of 39.2%. The firm is expected to issue its next quarterly earnings results on Thursday, May 24th.

On average, analysts expect that American Superconductor will report full year earnings of ($1.74) per share for the current fiscal year, with EPS estimates ranging from ($1.76) to ($1.73). For the next financial year, analysts forecast that the business will report earnings of ($0.73) per share, with EPS estimates ranging from ($0.85) to ($0.57). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for American Superconductor.

Separately, ValuEngine upgraded shares of American Superconductor from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.04.

Shares of American Superconductor traded down $0.22, reaching $6.45, during midday trading on Tuesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 116,931 shares, compared to its average volume of 85,949. American Superconductor has a fifty-two week low of $2.89 and a fifty-two week high of $7.15. The company has a market cap of $135.04 million, a price-to-earnings ratio of -2.99 and a beta of 1.16.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Scopia Capital Management LP acquired a new stake in shares of American Superconductor in the first quarter valued at approximately $114,000. Bank of New York Mellon Corp acquired a new stake in shares of American Superconductor in the fourth quarter valued at approximately $120,000. Wedbush Securities Inc. raised its position in shares of American Superconductor by 24.8% in the fourth quarter. Wedbush Securities Inc. now owns 57,660 shares of the technology company’s stock valued at $209,000 after buying an additional 11,453 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of American Superconductor by 84.5% in the third quarter. Dimensional Fund Advisors LP now owns 69,175 shares of the technology company’s stock valued at $314,000 after buying an additional 31,679 shares in the last quarter. Finally, Anson Funds Management LP acquired a new stake in shares of American Superconductor in the fourth quarter valued at approximately $321,000. Institutional investors own 24.36% of the company’s stock.

American Superconductor Company Profile

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates through 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 and Estimates for American Superconductor (NASDAQ:AMSC)

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