American Superconductor Corporation (NASDAQ:AMSC) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
American Superconductor Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.21 in the quarter versus EPS of $-0.30 in the year-earlier quarter.
Revenue: Decreased 28.75% to $20.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Superconductor Corporation reported adjusted EPS loss of $0.21 per share. By that measure, the company met the mean analyst estimate of $-0.21. It beat the average revenue estimate of $18.8 million.
Quoting Management: “AMSC delivered improved results in fiscal year 2012, growing revenues by 14% and reducing cash burn by more than 70%,” said Daniel P. McGahn, AMSC President and CEO. “We continue to execute on our plans. We managed expenses to reduce our net loss by more than 50%. Fiscal 2012 marked a year of transition for the Company.”
Key Stats (on next page)…
Revenue increased 17.11% from $17.42 million in the previous quarter. EPS increased to $-0.21 in the quarter versus EPS of $-0.26 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.20 to a loss $0.18. For the current year, the average estimate has moved up from a loss of $0.98 to a loss of $0.94 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)