In the latest trading session, Broadwind Energy, Inc. (BWEN) closed at $3.14, marking a -3.98% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.28%. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.02%.
Prior to today's trading, shares of the company had lost 24.13% lagged the Industrial Products sector's loss of 3.21% and the S&P 500's gain of 0.67%.
The investment community will be closely monitoring the performance of Broadwind Energy, Inc. in its forthcoming earnings report. In that report, analysts expect Broadwind Energy, Inc. to post earnings of -$0.04 per share. This would mark a year-over-year decline of 200%. Meanwhile, our latest consensus estimate is calling for revenue of $23.82 million, down 46.17% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.11 per share and revenue of $106.73 million, which would represent changes of -147.83% and -32.47%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Broadwind Energy, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks 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 currently sporting a Zacks Rank of #4 (Sell).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Broadwind Energy, Inc. (BWEN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).