American Superconductor (NASDAQ:AMSC - Get Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. 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 Analysts Forecast Growth
Separately, Oppenheimer boosted their target price on shares of American Superconductor from $29.00 to $33.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th.
Read Our Latest Stock Analysis on AMSC
American Superconductor Stock Performance
Shares of NASDAQ AMSC traded up $0.20 during mid-day trading on Wednesday, hitting $25.52. 1,468,524 shares of the stock were exchanged, compared to its average volume of 951,043. The company has a market cap of $1.01 billion, a P/E ratio of -510.30 and a beta of 2.26. American Superconductor has a twelve month low of $10.19 and a twelve month high of $38.02. The stock's fifty day simple moving average is $27.77 and its two-hundred day simple moving average is $25.45.
American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that American Superconductor will post 0.37 earnings per share for the current fiscal year.
American Superconductor Company Profile
(
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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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