Broadwind Energy, Inc. (BWEN) ended the recent trading session at $3.80, demonstrating a -1.81% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq lost 0.44%.
Heading into today, shares of the company had lost 2.76% over the past month, lagging the Industrial Products sector's loss of 1.36% and the S&P 500's gain of 2.36%.
The investment community will be paying close attention to the earnings performance of Broadwind Energy, Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.04, marking a 200% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $23.82 million, indicating a 46.17% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.11 per share and a revenue of $106.73 million, indicating changes of -147.83% and -32.47%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Broadwind Energy, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Broadwind Energy, Inc. currently has a Zacks Rank of #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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This article originally published on Zacks Investment Research (zacks.com).