Financial News
American Superconductor Earnings: What To Look For From AMSC
American Superconductor Corporation (AMSC) is a leading provider of megawatt-scale power resiliency solutions for the electrical grid and critical naval systems. will be reporting earnings tomorrow after the bell. Here’s what you need to know.
American Superconductor beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $40.29 million, up 33.2% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations but a miss of analysts’ EBITDA estimates.
Is American Superconductor a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting American Superconductor’s revenue to grow 51% year on year to $51.33 million, improving from the 22.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. American Superconductor has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 9.5% on average.
Looking at American Superconductor’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Enphase’s revenues decreased 30.9% year on year, missing analysts’ expectations by 3.3%, and Vicor reported a revenue decline of 13.6%, topping estimates by 9.3%. Enphase traded down 15% following the results while Vicor was up 13.9%.
Read our full analysis of Enphase’s results here and Vicor’s results here.
Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. American Superconductor is up 2.5% during the same time and is heading into earnings with an average analyst price target of $30.33 (compared to the current share price of $24.20).
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