American Superconductor Corp reports results for the quarter ended December 31 - Earnings Summary

• American Superconductor Corp AMSC.OQ reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of three analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 6 cents to 7 cents per share.

• Revenue rose 56% to $61.40 million from a year ago; analysts expected $56.67 million.

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

• The company reported quarterly net income of $2.47 million.

• American Superconductor Corp shares had risen by 2.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 3 "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 $33.00

This summary was machine generated from LSEG data February 5 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)