Equities research analysts expect American Superconductor Co. (NASDAQ:AMSC – Get Rating) to post $27.90 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for American Superconductor’s earnings. The highest sales estimate is $28.30 million and the lowest is $27.50 million. American Superconductor reported sales of $21.16 million during the same quarter last year, which indicates a positive year over year growth rate of 31.9%. The company is expected to announce its next earnings results on Monday, January 1st.
On average, analysts expect that American Superconductor will report full-year sales of $108.00 million for the current year, with estimates ranging from $107.60 million to $108.40 million. For the next fiscal year, analysts forecast that the firm will report sales of $118.25 million, with estimates ranging from $117.80 million to $118.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover American Superconductor.
A number of brokerages have recently issued reports on AMSC. Zacks Investment Research cut shares of American Superconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. StockNews.com began coverage on shares of American Superconductor in a research note on Thursday, March 31st. They issued a “sell” rating for the company.
NASDAQ:AMSC opened at $5.15 on Friday. The stock has a market cap of $146.56 million, a P/E ratio of -6.36 and a beta of 1.37. American Superconductor has a one year low of $4.45 and a one year high of $19.43. The company has a fifty day moving average price of $7.12 and a 200 day moving average price of $9.78.
American Superconductor Company Profile (Get Rating)
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.
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