AMSC will report earnings with expected revenue growth of 51% and adjusted earnings of $0.04

From Stock Story: 2024-10-29 05:20:18

American Superconductor Corporation (AMSC) will report earnings tomorrow after the bell. Last quarter, they beat revenue expectations by 2.4%, with revenues of $40.29 million, up 33.2% year on year. Analysts expect revenue to grow 51% this quarter to $51.33 million, with adjusted earnings at $0.04 per share. Peers like Enphase and Vicor have already reported results, with Enphase down 15% and Vicor up 13.9%. Investors are steady, with AMSC up 2.5% over the last month. Analysts have an average price target of $30.33. Interested in thematic investing? Check out a growth stock benefiting from AI.



Read more at Stock Story: What To Look For From AMSC