American Superconductor Third Quarter 2023 Earnings: EPS Misses Expectations

·1 min read

American Superconductor (NASDAQ:AMSC) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$23.9m (down 11% from 3Q 2022).

  • Net loss: US$9.58m (loss widened by 122% from 3Q 2022).

  • US$0.34 loss per share (further deteriorated from US$0.16 loss in 3Q 2022).


All figures shown in the chart above are for the trailing 12 month (TTM) period

American Superconductor EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.5%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for American Superconductor you should be aware of, and 1 of them makes us a bit uncomfortable.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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