American Superconductor (NASDAQ:AMSC – Get Free Report) updated its third quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.050- for the period, compared to the consensus earnings per share estimate of 0.070. The company issued revenue guidance of $55.0 million-$60.0 million, compared to the consensus revenue estimate of $56.0 million. American Superconductor also updated its Q3 guidance to $0.05 EPS.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Roth Mkm restated a “buy” rating and set a $29.00 price target on shares of American Superconductor in a research report on Monday, September 30th. Craig Hallum reissued a “buy” rating and issued a $33.00 price target on shares of American Superconductor in a report on Tuesday, September 10th.
Read Our Latest Stock Analysis on American Superconductor
American Superconductor Stock Performance
American Superconductor (NASDAQ:AMSC – Get Free Report) last released its earnings results on Tuesday, August 6th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.09. The company had revenue of $40.29 million for the quarter, compared to analyst estimates of $39.55 million. American Superconductor had a negative net margin of 5.29% and a positive return on equity of 1.15%. Research analysts forecast that American Superconductor will post 0.17 earnings per share 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.
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