Stock Analysis

AMSC Third Quarter 2023 Earnings: EPS: US$0.011 (vs US$0.083 in 3Q 2022)

Published
OB:AMSC

AMSC (OB:AMSC) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$7.60m (down 66% from 3Q 2022).
  • Net income: US$800.0k (down 84% from 3Q 2022).
  • Profit margin: 11% (down from 23% in 3Q 2022). The decrease in margin was driven by lower revenue.
  • EPS: US$0.011 (down from US$0.083 in 3Q 2022).
OB:AMSC Earnings and Revenue Growth November 23rd 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

AMSC Earnings Insights

Looking ahead, revenue is expected to fall by 57% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Shipping industry in Norway.

Performance of the Norwegian Shipping industry.

The company's shares are up 3.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 5 warning signs for AMSC you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.