American Superconductor (AMSC) Releases Earnings Results, Beats Estimates By $0.06 EPS

American Superconductor (NASDAQ:AMSC) posted its earnings results on Wednesday. The technology company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.06, Bloomberg Earnings reports. The firm had revenue of $13.50 million during the quarter, compared to the consensus estimate of $14.53 million. American Superconductor had a negative return on equity of 57.29% and a negative net margin of 67.71%. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.51) EPS.

NASDAQ AMSC opened at $6.48 on Friday. The company has a market cap of $146.56 million, a PE ratio of -3.52 and a beta of 1.19. American Superconductor has a one year low of $2.89 and a one year high of $7.15.

Separately, ValuEngine upgraded American Superconductor from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. American Superconductor has an average rating of “Hold” and an average price target of $5.44.

About American Superconductor

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.

Earnings History for American Superconductor (NASDAQ:AMSC)

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