Amer Superconductor Up 20.64% To $6.37 After Earnings Miss

American Superconductor Corporation (AMSC) reported less than expected earnings this afternoon for Q4 2021. Amer Superconductor's earnings came in at an EPS loss of $0.17 per share, 6% lower than estimates for an EPS loss of $0.16 per share. The firm's loss per share narrowed by 19% since reporting a loss of $0.21 per share a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates. Analyst projections for Amer Superconductor revenue came in at a consensus of $27.4 million. Fourth-Quarter revenues surpassed estimates for $28.3 million by $948 thousand (3%). The company achieved 34% growth year-over-year compared to the firm's revenue of $21.2 million from the year-ago quarter. The lower earnings growth relative to revenue signals Amer Superconductor has not been able to improve its profit margin.

The stock is up 20.64% to $6.37 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Amer Superconductor has performed a little below average during the past few months. Before the report, Amer Superconductor received a Long-Term Technical Rank by InvestorsObserver of 28, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $4.45 on May 12, 2022 and set a 52-week high on June 29, 2021 at $19.43.

American Superconductor Corp generates the ideas, technologies, and solutions that meet world's demand for smarter, cleaner and energy. Through its Windtec Solutions, the company enables manufacturers to launch wind turbines quickly, effectively and profitably. Through its Gridtec Solutions, the company provides engineering planning services and grid systems that optimize network reliability, efficiency and performance. The company's solutions are powering gigawatts of renewable energy and enhancing the performance and reliability of power networks.