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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
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 7.11%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
AMSC reported significant revenue growth and improvement in gross margins, along with a strong backlog and diversified customer base, which are positive indicators of business health. Despite these achievements, the company reported a net loss, although it was reduced compared to the previous year. Overall, the call reflects a positive outlook with sustainable growth and financial improvements.Company Guidance
In the AMSC earnings call for the second quarter of fiscal year 2023, the company provided guidance indicating strong financial performance and positive future prospects. The guidance for the third fiscal quarter, ending December 31, 2023, projected revenues between $33 million and $36 million, with a net loss not exceeding $4.3 million or $0.15 per share, and a non-GAAP net loss not exceeding $2.5 million or $0.08 per share. The company expects operating cash flow to be breakeven to a positive $2 million and aims to end the quarter with at least $24 million in cash, cash equivalents, and restricted cash. AMSC's strategic focus on revenue growth, margin expansion, and expense control has led to a reported gross margin of 25% and a $900,000 operating cash flow in the prior quarter, supported by a diverse and expanding backlog of over $128 million.Record Revenue and Gross Margin Improvement
For the second quarter of fiscal 2023, AMSC generated revenues of $34 million, exceeding expectations and coming in above the guidance range, with a gross margin of 25% compared to 7% in the year-ago quarter.
Strong Bookings and Backlog
AMSC announced nearly $37 million of new energy power systems orders in October and has a strong 12-month backlog of over $128 million, which grew nearly 30% compared to the year-ago period.
Positive Operating Cash Flow
The company generated $900,000 of operating cash flow in the second quarter of fiscal 2023.
Grid and Wind Business Growth
Grid segment revenue accounted for over 80% of total revenue and grew over 10% versus the year-ago period. The wind business also grew significantly, with revenues increasing 177% over the same time period.
Diversified Customer Base
AMSC shipped systems to various sectors including renewable projects, mining, semiconductors, and military applications, indicating a more diversified and sustainable business model.
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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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