The 10-second takeaway
For the quarter ended Sep. 30 (Q2), American Superconductor whiffed on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP loss per share contracted.
Margins grew across the board.
American Superconductor tallied revenue of $20.9 million. The seven analysts polled by S&P Capital IQ expected revenue of $23.3 million on the same basis. GAAP reported sales were 0.3% higher than the prior-year quarter's $20.8 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 -$0.29. The seven earnings estimates compiled by S&P Capital IQ anticipated -$0.31 per share. GAAP EPS were -$0.31 for Q2 compared to -$1.02 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 2.3%, 780 basis points better than the prior-year quarter. Operating margin was -71.7%, 3,860 basis points better than the prior-year quarter. Net margin was -76.4%, 17,220 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $31.6 million. On the bottom line, the average EPS estimate is -$0.27.
Next year's average estimate for revenue is $118.1 million. The average EPS estimate is -$1.03.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 656 members out of 754 rating the stock outperform, and 98 members rating it underperform. Among 127 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give American Superconductor a green thumbs-up, and 38 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 $4.70.
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