American Superconductor (AMSC) closed at $8.02 in the latest trading session, marking a -1.6% move from the prior day. This change lagged the S&P 500’s daily of 0%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the wind turbine component maker had lost 5.18% over the past month, lagging the Computer and Technology sector’s gain of 4.19% and the S&P 500’s gain of 3.37% in that time.
Wall Street will be looking for positivity from AMSC as it approaches its next earnings report date. The company is expected to report EPS of -$0.30, down 172.73% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.40 million, up 8.99% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.93 per share and revenue of $59.30 million. These totals would mark changes of -45.31% and +5.5%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AMSC. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMSC is currently sporting a Zacks Rank of #2 (Buy).
The Electronics – Miscellaneous Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 229, which puts it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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