Brokerages Expect Superconductor Technologies, Inc. (SCON) to Post ($1.57) EPS
Superconductor Technologies, Inc. (NASDAQ:SCON) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $9.00 for the company and are forecasting that the company will post ($1.57) EPS for the current quarter, according to Zacks. Zacks has also given Superconductor Technologies an industry rank of 42 out of 256 based on the ratings given to related companies.
Several equities research analysts recently commented on the company. ValuEngine raised Superconductor Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. HC Wainwright set a $9.00 price target on Superconductor Technologies and gave the company a “buy” rating in a report on Wednesday, November 14th. Finally, Zacks Investment Research raised Superconductor Technologies from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a report on Saturday, November 17th.
Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings results on Tuesday, November 13th. The semiconductor company reported ($0.88) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.96) by $1.08. Superconductor Technologies had a negative return on equity of 141.30% and a negative net margin of 414.94%. The company had revenue of $0.52 million for the quarter, compared to the consensus estimate of $0.54 million. As a group, equities research analysts forecast that Superconductor Technologies will post -5.67 earnings per share for the current year.
Superconductor Technologies Company Profile
Superconductor Technologies Inc, together with its subsidiaries, develops, produces, and commercializes high temperature superconductor materials and related technologies in the United States. It is involved in developing Conductus superconducting wire for power applications. The company was founded in 1987 and is headquartered in Austin, Texas.
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