Broadwind Energy, Inc. (BWEN) closed the most recent trading day at $4.06, moving -3.79% from the previous trading session. This move lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
Coming into today, shares of the company had lost 1.86% in the past month. In that same time, the Industrial Products sector gained 0.62%, while the S&P 500 lost 0.24%.
The upcoming earnings release of Broadwind Energy, Inc. will be of great interest to investors. The company is predicted to post an EPS of -$0.04, indicating a 200% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $23.82 million, reflecting a 46.17% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.11 per share and revenue of $106.73 million, indicating changes of -147.83% and -32.47%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Broadwind Energy, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Broadwind Energy, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 43% 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).