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American Superconductor (AMSC)
NASDAQ:AMSC
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.07Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 18.44%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong quarter for AMSC, with record revenues, significant growth in the grid and wind segments, and positive cash flow. The company successfully expanded its backlog and saw positive indicators for future growth, particularly in the wind and Navy markets. However, some dependence on timely payments from Inox Wind presents a potential risk. Overall, the sentiment is optimistic with positive financial and operational performance.Company Guidance
In the AMSC third-quarter fiscal 2023 earnings call, the company reported strong financial performance and provided guidance for the upcoming quarter. Total revenues for the third quarter reached $39.4 million, with the grid segment accounting for 85% and growing over 60% compared to the previous year. The wind segment also saw a significant increase of 90% year-over-year, contributing 15% to total revenues. Gross margins improved to 25%, up from 2% in the same quarter last year. AMSC recorded a non-GAAP net income of $900,000, or $0.03 per share, compared to a net loss of $7.7 million in the previous year. The company ended the quarter with $25 million in cash and generated $1.3 million in positive operating cash flow. For the fourth quarter, AMSC expects revenues between $36 million and $40 million, with a net loss not exceeding $3.5 million. The company anticipates breakeven to positive operating cash flow of up to $2 million and aims to maintain at least $25 million in cash reserves.Record-Breaking Revenue and Growth
Total revenues for the third quarter of fiscal year 2023 exceeded expectations and guidance range, reaching over $39 million, driven by strong customer demand and pricing initiatives. The grid segment revenue grew over 60% year-over-year, and wind business grew about 90%.
Strong Backlog and New Orders
The company booked over $34 million of new orders and grew its 12-month backlog to over $137 million, a nearly 25% increase compared to the year-ago period. New energy power systems orders averaged over $30 million per quarter during fiscal year 2023.
Positive Financial Performance
AMSC achieved a non-GAAP net income of $900,000 or $0.03 per share, compared to a net loss of $7.7 million or $0.27 per share in the year-ago quarter. The gross margin for the third quarter of fiscal 2023 rose to 25% from 2% in the year-ago quarter.
Navy and Wind Market Expansion
Progress on Navy development programs and securing new orders for electrical control systems from Inox Wind indicates growth in both military and wind segments. The wind business in India is strengthening, and more ships are on the horizon for Navy projects.
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AMSC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMSC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $23.48 | $24.52 | +4.43% |
| Aug 06, 2024 | $20.59 | $18.71 | -9.13% |
| May 29, 2024 | $15.79 | $17.44 | +10.45% |
| Jan 24, 2024 | $9.75 | $13.25 | +35.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does American Superconductor (AMSC) report earnings?
American Superconductor (AMSC) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is American Superconductor (AMSC) earnings time?
American Superconductor (AMSC) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMSC EPS forecast?
AMSC EPS forecast for the fiscal quarter 2024 (Q3) is 0.07.
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