American Superconductor Corporation (NASDAQ:AMSC) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of -$0.38 for the period, compared to the Thomson Reuters consensus estimate of ($0.37). The company issued revenue guidance of $14-18 million, compared to the consensus revenue estimate of $20.41 million.

A number of equities analysts recently commented 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 price objective 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 price objective (down previously from $7.50) on shares of American Superconductor Corporation in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $7.04.

Shares of American Superconductor Corporation (AMSC) traded down $0.07 during trading on Tuesday, reaching $4.20. The company had a trading volume of 50,233 shares, compared to its average volume of 68,336. American Superconductor Corporation has a 52-week low of $2.89 and a 52-week high of $8.55.

American Superconductor Corporation (NASDAQ:AMSC) last posted its earnings results on Tuesday, October 31st. The technology company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.25. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. The company had revenue of $11.05 million for the quarter, compared to the consensus estimate of $10.93 million. During the same quarter in the previous year, the business earned ($0.60) earnings per share. The company’s revenue for the quarter was down 40.3% on a year-over-year basis. analysts forecast that American Superconductor Corporation will post -2.37 EPS for the current year.

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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.

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

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