American Superconductor Corporation (AMSC) is a leading provider of megawatt-scale power resiliency solutions for the electrical grid and critical naval systems. will be announcing earnings results tomorrow afternoon. Here’s what investors should know.
American Superconductor beat analysts’ revenue expectations by 6.1% last quarter, reporting revenues of $54.47 million, up 60.2% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is American Superconductor a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting American Superconductor’s revenue to grow 44% year on year to $56.67 million, slowing from the 64.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. American Superconductor has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 8.9% on average.
Looking at American Superconductor’s peers in the electrical equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Nextracker’s revenues decreased 4.4% year on year, beating analysts’ expectations by 3.6%, and LSI reported revenues up 35.5%, topping estimates by 14.3%. Nextracker traded up 24.3% following the results while LSI was also up 11.7%.
Read our full analysis of Nextracker’s results here and LSI’s results here.
Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. American Superconductor is down 8.1% during the same time and is heading into earnings with an average analyst price target of $31.67 (compared to the current share price of $26.77).
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