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

American Superconductor (NASDAQ:AMSC) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.070- for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

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

American Superconductor Stock Up 0.8 %

NASDAQ:AMSC traded up $0.20 during mid-day trading on Wednesday, reaching $25.52. The company’s stock had a trading volume of 1,468,524 shares, compared to its average volume of 951,043. American Superconductor has a 1 year low of $10.19 and a 1 year high of $38.02. The stock has a fifty day moving average of $27.77 and a 200-day moving average of $25.45. The firm has a market capitalization of $1.01 billion, a PE ratio of -510.30 and a beta of 2.26.

American Superconductor (NASDAQ:AMSC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates 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, analysts expect that American Superconductor will post 0.37 earnings per share for the current year.

About American Superconductor

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.