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

• American Superconductor Corp AMSC.OQ reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of three analysts for the quarter was for earnings of 12 cents per share.

• Revenue rose 79.6% to $72.36 million from a year ago; analysts expected $64.97 million.

• American Superconductor Corp's reported EPS for the quarter was 17 cents​.

• The company reported quarterly net income of $6.72 million.

• American Superconductor Corp shares had risen by 18.5% this quarter and gained 76.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 $40.00, about 8.7% below its last closing price of $43.48

This summary was machine generated from LSEG data July 30 at 09:01 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)