American Superconductor's Earnings Outlook
Portfolio Pulse from Benzinga Insights
American Superconductor (NASDAQ:AMSC) is expected to release its quarterly earnings report on Wednesday, 2024-01-24, with analysts predicting an EPS of $-0.06. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, AMSC has exceeded EPS estimates, leading to significant share price increases the following day. The stock has been performing well, with a 91.98% increase over the last 52 weeks, and was trading at $10.03 as of January 22.
January 23, 2024 | 7:01 pm
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American Superconductor is anticipated to report an EPS of $-0.06 for the upcoming quarter. Historically, surpassing EPS estimates has resulted in substantial share price increases. With a 91.98% rise over the past year, sentiment is likely positive.
Given AMSC's history of exceeding EPS estimates and the subsequent positive stock price reactions, there is a reasonable expectation for a short-term positive impact if they beat the EPS forecast again. The stock's strong performance over the past year may contribute to bullish sentiment, but as the article suggests, guidance will also play a crucial role in investor reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100