Broadwind Energy, Inc. (BWEN) closed at $2.09 in the latest trading session, marking a -1.42% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.02% for the day. On the other hand, the Dow registered a gain of 0.63%, and the technology-centric Nasdaq increased by 1.23%.
The stock of company has fallen by 3.2% in the past month, lagging the Industrial Products sector's gain of 4.51% and the S&P 500's gain of 0.63%.
The upcoming earnings release of Broadwind Energy, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.07, marking a 250% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $33.13 million, indicating a 10.08% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.07 per share and revenue of $145.69 million, which would represent changes of -130.43% and -7.82%, 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. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 13.33% increase. At present, Broadwind Energy, Inc. boasts a Zacks Rank of #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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Broadwind Energy, Inc. (BWEN): Free Stock Analysis Report
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