AMSC Earnings Prediction
The chart below shows how AMSC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMSC sees a +2.16% change in stock price 10 days leading up to the earnings, and a +21.04% change 10 days following the report. On the earnings day itself, the stock moves by +1.50%. This data can give you a slight idea of what to expect for the next quarter's release.
AMSC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
39.35M
64.79%
15.73%
Gross Margin
24.00%
3433.33%
1.39%
Operating Margin
-1.49%
-96.23%
-67.11%
Net Margin
-4.19%
-89.56%
-42.68%
EPS
-0.06
-82.35%
-33.33%
No Data Available
AMSC Earnings Analysis
American Superconductor Corp Corporation (AMSC.O) Earnings Conference Call
Positive
Record Revenue Increase: Total revenue for the third quarter of fiscal year 2024 reached a record $61.4 million, representing a 56% increase compared to $39.4 million in the same quarter last year.
Grid and Wind Revenue Growth: Grid revenue accounted for 85% of total revenue, growing by 56% year-over-year, while wind revenue increased by 58%, driven by higher shipments of electrical control systems.
Net Income Improvement: Non-GAAP net income for the third quarter was $6 million, or $0.16 per share, compared to $900,000, or $0.03 per share in the prior year quarter, marking a significant improvement in profitability.
Cash Management Improvement: The company ended the quarter with $80 million in cash, up from $74.8 million at the end of the previous quarter, indicating strong cash management and liquidity.
Strong Backlog Growth: A twelve-month backlog exceeded $200 million, with total backlog surpassing $300 million, reflecting robust order growth and a strong pipeline for future revenue.
Negative
R&D and SG&A Expense Increase: R&D and SG&A expenses increased to $14,600,000 from $10,000,000 year-over-year, reflecting a significant rise of 46% primarily due to inherited costs from the NWL acquisition.
Net Income Decline: Net income for the third quarter was $2,500,000, a decrease from the previous quarter's net income of $3,000,000, indicating a decline in profitability despite increased revenues.
Projected Net Loss: The company expects a net loss of up to $1,000,000 for the fourth quarter, which would represent a setback compared to the current quarter's net income.
Non-Cash Expense Impact: Approximately 19% of R&D and SG&A expenses were non-cash, indicating a reliance on non-cash expenses that could impact future cash flow management.
Revenue vs. Profitability Challenges: Despite a record revenue of $61,400,000, the company is still facing challenges in maintaining profitability, as evidenced by the expected net loss in the upcoming quarter.
AMSC FAQs
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AMSC Earning Call Sentiment
Earnings call transcript: American Superconductor Q3 2024 beats expectations
AMSC.O
2.93%Positive
AMSC's earnings call reveals strong financial performance with a 56% revenue increase and improved margins. Despite challenges, such as integration risks and competitive pressures, the company demonstrates growth potential through acquisitions and a robust backlog. The Q&A highlights positive sentiment towards future growth opportunities, particularly in industrial and wind sectors, though some uncertainty remains. No shareholder return plan was announced, but the company's cash position is strong. Overall, the positive financial results and optimistic guidance suggest a likely stock price increase.
