American Superconductor Earnings: Here’s Why Investors are Disappointed Now

American Superconductor Corporation (NASDAQ:AMSC) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 8%.

American Superconductor Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.26 in the quarter versus EPS of $-0.34 in the year-earlier quarter.

Revenue: Decreased 3.65% to $17.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: American Superconductor Corporation reported adjusted EPS loss of $-0.26 per share. By that measure, the company beat the mean analyst estimate of $-0.29. It missed the average revenue estimate of $23.7 million.

Quoting Management: “Our non-GAAP net loss and ending cash balance came in better than our forecast in the third fiscal quarter despite the revenue shortfall,” said Daniel P. McGahn, President and CEO, AMSC. “In response to the recent challenges in the global wind power market, we also took action during the third quarter to lower our cost structure while continuing to focus on building our order book.”

Key Stats (on next page)…

Revenue decreased 16.63% from $20.87 million in the previous quarter. EPS increased to $-0.26 in the quarter versus EPS of $-0.29 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.23 to a loss $0.26. For the current year, the average estimate has moved down from a loss of $0.99 to a loss of $1.03 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]