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For the fiscal first quarter, AMSC expects revenues of $38-$42 million. The Zacks Consensus Estimate for the same is pegged at $39.55 million, indicating a rise of 30.7% from the year-ago period’s reported figure.
The company anticipates fiscal first-quarter non-GAAP loss to be 1 cent per share. The consensus mark for the same is projected at break-even. The company reported a loss of 8 cents per share in the year-ago quarter. The estimate has remained unchanged over the past 30 days.
We note that AMSC’s bottom line surpassed the Zacks Consensus Estimate in all the trailing four quarters, the surprise being 140.62%, on average.
Let’s see how things have shaped up for the upcoming announcement.
American Superconductor Corporation Price and EPS Surprise
American Superconductor's first-quarter fiscal 2024 results are expected to have benefited from an improved business model, increased bookings and a strengthened balance sheet.
The company’s strengthening operational and manufacturing capabilities are likely to have contributed well to its top-line growth in the quarter under review.
Increasing demand for its energy power systems and ship protection systems is expected to have positively impacted the Grid segment’s performance in the to-be-reported quarter. Its growing focus on expanding U.S. ship platforms is expected to have acted as a tailwind.
The consensus estimate for Grid revenues is pegged at $33.83 million, suggesting growth of 31.4% year over year.
Growing shipments to Inox of both its 2-megawatt and 3-megawatt class turbines are likely to have bolstered the Wind segment’s performance in the fiscal first quarter.
The consensus mark for Wind revenues is pegged at $5.71 million, indicating year-over-year growth of 26.3%.
Strong momentum across renewables, mining and metals, semiconductors and military end-markets is likely to have boosted the company’s performance in the to-be-reported quarter.
However, macroeconomic uncertainties and unfavorable foreign exchange fluctuations are expected to have been concerns.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
American Superconductor currently has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Brinker International is set to report fourth-quarter fiscal 2024 results on Aug 14. The Zacks Consensus Estimate for EAT’s earnings is pegged at $1.65 per share, indicating growth of 18.7% from the year-ago quarter’s reported figure.
Shopify (SHOP - Free Report) has an Earnings ESP of +7.78% and a Zacks Rank #2 at present.
Shopify is scheduled to release second-quarter 2024 results on Aug 7. The Zacks Consensus Estimate for SHOP’s earnings is pegged at 20 cents per share, suggesting a jump of 42.9% from the prior-year quarter.
Aspen Aerogels (ASPN - Free Report) has an Earnings ESP of +9.38% and sports a Zacks Rank #3 at present.
Aspen Aerogels is set to report its second-quarter 2024 results on Aug 7. The Zacks Consensus Estimate for ASPN’s earnings is pegged at 5 cents per share, indicating a significant jump from the prior-year quarter’s loss of 22 cents per share.
Image: Bigstock
What's in Store for American Superconductor's (AMSC) Q1 Earnings?
American Superconductor (AMSC - Free Report) is scheduled to report its first-quarter fiscal 2024 results on Aug 6.
For the fiscal first quarter, AMSC expects revenues of $38-$42 million. The Zacks Consensus Estimate for the same is pegged at $39.55 million, indicating a rise of 30.7% from the year-ago period’s reported figure.
The company anticipates fiscal first-quarter non-GAAP loss to be 1 cent per share. The consensus mark for the same is projected at break-even. The company reported a loss of 8 cents per share in the year-ago quarter. The estimate has remained unchanged over the past 30 days.
We note that AMSC’s bottom line surpassed the Zacks Consensus Estimate in all the trailing four quarters, the surprise being 140.62%, on average.
Let’s see how things have shaped up for the upcoming announcement.
American Superconductor Corporation Price and EPS Surprise
American Superconductor Corporation price-eps-surprise | American Superconductor Corporation Quote
Key Factors to Consider
American Superconductor's first-quarter fiscal 2024 results are expected to have benefited from an improved business model, increased bookings and a strengthened balance sheet.
The company’s strengthening operational and manufacturing capabilities are likely to have contributed well to its top-line growth in the quarter under review.
Increasing demand for its energy power systems and ship protection systems is expected to have positively impacted the Grid segment’s performance in the to-be-reported quarter. Its growing focus on expanding U.S. ship platforms is expected to have acted as a tailwind.
The consensus estimate for Grid revenues is pegged at $33.83 million, suggesting growth of 31.4% year over year.
Growing shipments to Inox of both its 2-megawatt and 3-megawatt class turbines are likely to have bolstered the Wind segment’s performance in the fiscal first quarter.
The consensus mark for Wind revenues is pegged at $5.71 million, indicating year-over-year growth of 26.3%.
Strong momentum across renewables, mining and metals, semiconductors and military end-markets is likely to have boosted the company’s performance in the to-be-reported quarter.
However, macroeconomic uncertainties and unfavorable foreign exchange fluctuations are expected to have been concerns.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
American Superconductor currently has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Brinker International (EAT - Free Report) has an Earnings ESP of +8.02% and a Zacks Rank #1 at present. You can see the complete list of today's Zacks #1 Rank stocks here.
Brinker International is set to report fourth-quarter fiscal 2024 results on Aug 14. The Zacks Consensus Estimate for EAT’s earnings is pegged at $1.65 per share, indicating growth of 18.7% from the year-ago quarter’s reported figure.
Shopify (SHOP - Free Report) has an Earnings ESP of +7.78% and a Zacks Rank #2 at present.
Shopify is scheduled to release second-quarter 2024 results on Aug 7. The Zacks Consensus Estimate for SHOP’s earnings is pegged at 20 cents per share, suggesting a jump of 42.9% from the prior-year quarter.
Aspen Aerogels (ASPN - Free Report) has an Earnings ESP of +9.38% and sports a Zacks Rank #3 at present.
Aspen Aerogels is set to report its second-quarter 2024 results on Aug 7. The Zacks Consensus Estimate for ASPN’s earnings is pegged at 5 cents per share, indicating a significant jump from the prior-year quarter’s loss of 22 cents per share.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.