American Superconductor Corp reports results for the quarter ended September 30 - Earnings Summary

• American Superconductor Corp reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of five analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 17 cents to 23 cents per share.

• Revenue rose 42.8% to $94.04 million from a year ago; analysts expected $87.46 million.

• American Superconductor Corp's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $3 million.

• American Superconductor Corp shares had fallen by 4.9% this quarter and lost 3.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for American Superconductor Corp is $60.00, about 53.9% above its last closing price of $27.68

This summary was machine generated from LSEG data November 4 at 10:49 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)