Published on 18 May 2024 on Zacks · via Yahoo Finance
American Superconductor Corporation (AMSC) Soars to 52-Week High, Time to Cash...
Shares of American Superconductor (AMSC) have been strong performers lately, with the stock up 55.4% over the past month. The stock hit a new 52-week high of $21.19 in the previous session. American Superconductor has gained 88.8% since the start of the year compared to the 16.9% move for the Zacks Computer and Technology sector and the 4.7% return for the Zacks Electronics - Miscellaneous Components industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on May 29, 2024, American Superconductor reported EPS of $0.05 versus consensus estimate of $-0.03 while it beat the consensus revenue estimate by 14.36%.