Recap: American Superconductor Q3 Earnings
Portfolio Pulse from Benzinga Insights
American Superconductor (NASDAQ:AMSC) reported Q3 earnings with an EPS of $0.03, surpassing the estimated $-0.06, marking a 150% beat. Revenue increased by $15.47 million year-over-year. The previous quarter's EPS beat was followed by a 13.44% share price increase the next day. Historical earnings performance shows variability in meeting EPS estimates but a consistent trend of revenue growth.
January 24, 2024 | 9:10 pm
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American Superconductor reported a significant earnings beat for Q3, with EPS at $0.03 against an expected $-0.06, and a notable year-over-year revenue increase. Historical data suggests a positive market reaction to earnings beats.
Given the substantial earnings beat and positive historical reaction to past earnings performance, AMSC is likely to experience a short-term positive impact on its stock price. The previous quarter's beat resulted in a significant next-day stock price increase, which may suggest a similar investor response to this quarter's positive results.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100