Broadwind Energy, Inc. (BWEN) ended the recent trading session at $4.41, demonstrating a +2.32% change from the preceding day's closing price. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq increased by 0.45%.
Coming into today, shares of the company had lost 2.05% in the past month. In that same time, the Industrial Products sector lost 2.59%, while the S&P 500 gained 1.27%.
Market participants will be closely following the financial results of Broadwind Energy, Inc. in its upcoming release. On that day, Broadwind Energy, Inc. is projected to report earnings of -$0.04 per share, which would represent a year-over-year decline of 200%. Alongside, our most recent consensus estimate is anticipating revenue of $23.82 million, indicating a 46.17% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.11 per share and a revenue of $106.73 million, representing changes of -147.83% and -32.47%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Broadwind Energy, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Broadwind Energy, Inc. boasts a Zacks Rank of #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 85, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Broadwind Energy, Inc. (BWEN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).