American Superconductor (NASDAQ:AMSC) issued an update on its second quarter 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $-0.36 for the period, compared to the Thomson Reuters consensus estimate of $-0.22. The company issued revenue guidance of $12-15 million, compared to the consensus revenue estimate of $13.93 million.
Shares of NASDAQ:AMSC traded down $0.29 during trading on Friday, reaching $8.26. 3,623 shares of the stock traded hands, compared to its average volume of 160,919. The firm’s 50-day moving average price is $8.96. American Superconductor has a 52-week low of $5.52 and a 52-week high of $16.44. The company has a market capitalization of $163.61 million, a PE ratio of -10.38 and a beta of 1.01.
American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.30) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.04. American Superconductor had a net margin of 48.74% and a negative return on equity of 22.81%. The firm had revenue of $13.77 million for the quarter, compared to analysts’ expectations of $10.95 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. Equities research analysts predict that American Superconductor will post -1.06 EPS for the current year.
American Superconductor Company Profile
American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.
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