Brokerages expect that American Superconductor Corporation (NASDAQ:AMSC) will post $11.03 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for American Superconductor Corporation’s earnings, with the lowest sales estimate coming in at $9.80 million and the highest estimate coming in at $12.30 million. American Superconductor Corporation posted sales of $18.51 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 40.4%. The firm is expected to issue its next earnings results on Wednesday, November 1st.

On average, analysts expect that American Superconductor Corporation will report full-year sales of $11.03 million for the current year, with estimates ranging from $62.50 million to $67.40 million. For the next fiscal year, analysts anticipate that the company will post sales of $87.07 million per share, with estimates ranging from $83.20 million to $94.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover American Superconductor Corporation.

American Superconductor Corporation (NASDAQ:AMSC) last issued its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.97) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.09. The firm had revenue of $8.92 million during the quarter, compared to the consensus estimate of $8.46 million. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. The company’s quarterly revenue was down 33.2% on a year-over-year basis. During the same period last year, the company earned ($0.64) EPS.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded American Superconductor Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. FBR & Co downgraded American Superconductor Corporation from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $9.00 to $6.00 in a research report on Friday, July 21st. Finally, Cowen and Company reiterated a “buy” rating and set a $6.00 target price (down from $7.50) on shares of American Superconductor Corporation in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. American Superconductor Corporation presently has a consensus rating of “Buy” and a consensus price target of $7.04.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LMR Partners LLP purchased a new position in American Superconductor Corporation during the second quarter worth about $169,000. Dimensional Fund Advisors LP increased its stake in American Superconductor Corporation by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock worth $173,000 after acquiring an additional 2,600 shares during the last quarter. Bank of New York Mellon Corp increased its stake in American Superconductor Corporation by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 83,720 shares of the technology company’s stock worth $575,000 after acquiring an additional 1,635 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in American Superconductor Corporation during the second quarter worth about $1,120,000. Finally, Royce & Associates LP acquired a new stake in American Superconductor Corporation during the first quarter worth about $1,182,000. Hedge funds and other institutional investors own 41.62% of the company’s stock.

Shares of American Superconductor Corporation (NASDAQ:AMSC) opened at 4.20 on Thursday. The company’s 50 day moving average price is $4.33 and its 200-day moving average price is $4.40. The firm’s market capitalization is $80.61 million. American Superconductor Corporation has a 12 month low of $2.89 and a 12 month high of $8.55.

About American Superconductor Corporation

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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Earnings History and Estimates for American Superconductor Corporation (NASDAQ:AMSC)

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