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American Superconductor (AMSC) Q2 Earnings Report Preview: What To Look For

AMSC Cover Image

Power resiliency solutions provider American Superconductor (NASDAQ: AMSC) will be reporting earnings this Wednesday afternoon. Here’s what to look for.

American Superconductor beat analysts’ revenue expectations by 10.6% last quarter, reporting revenues of $66.66 million, up 58.6% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EBITDA estimates and revenue guidance for next quarter exceeding analysts’ expectations.

Is American Superconductor a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting American Superconductor’s revenue to grow 61.2% year on year to $64.97 million, improving from the 33.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.

American Superconductor Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. American Superconductor has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 9.8% on average.

Looking at American Superconductor’s peers in the electrical equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Enphase delivered year-on-year revenue growth of 19.7%, beating analysts’ expectations by 1.3%, and Bel Fuse reported revenues up 26.3%, topping estimates by 10.1%. Enphase traded down 14.2% following the results while Bel Fuse was up 18.8%.

Read our full analysis of Enphase’s results here and Bel Fuse’s results here.

There has been positive sentiment among investors in the electrical equipment segment, with share prices up 6.5% on average over the last month. American Superconductor is up 21.2% during the same time and is heading into earnings with an average analyst price target of $41 (compared to the current share price of $44.46).

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