American Superconductor Beats on Both Top and Bottom Lines
American Superconductor (NAS: AMSC) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q1), American Superconductor beat expectations on revenue and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share shrank.
Margins expanded across the board.
American Superconductor reported revenue of $28.7 million. The eight analysts polled by S&P Capital IQ expected to see a top line of $27.9 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $9.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.20. The eight earnings estimates compiled by S&P Capital IQ predicted -$0.23 per share. GAAP EPS were -$0.20 for Q1 versus -$0.74 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.1%, 12,830 basis points better than the prior-year quarter. Operating margin was -20.9%, 37,940 basis points better than the prior-year quarter. Net margin was -35.8%, 38,020 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $30.0 million. On the bottom line, the average EPS estimate is -$0.21.
Next year's average estimate for revenue is $131.0 million. The average EPS estimate is -$0.76.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 668 members out of 770 rating the stock outperform, and 102 members rating it underperform. Among 127 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give American Superconductor a green thumbs-up, and 43 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Superconductor is hold, with an average price target of $5.03.
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The article American Superconductor Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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