Broadwind Energy, Inc. (BWEN) closed the most recent trading day at $4.16, moving -2.24% from the previous trading session. This change lagged the S&P 500's 0.66% gain on the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 1.05%.
The stock of company has risen by 2.41% in the past month, leading the Industrial Products sector's gain of 1.81% and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Broadwind Energy, Inc. in its upcoming earnings disclosure. 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%. Our most recent consensus estimate is calling for quarterly revenue of $23.82 million, down 46.17% from the year-ago period.
BWEN's full-year Zacks Consensus Estimates are calling for earnings of -$0.11 per share and revenue of $106.73 million. These results would represent year-over-year changes of -147.83% and -32.47%, respectively.
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 a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 remained unchanged. 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. At present, this industry carries a Zacks Industry Rank of 107, placing it within the top 44% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BWEN in the coming trading sessions, be sure to utilize Zacks.com.
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Broadwind Energy, Inc. (BWEN): Free Stock Analysis Report
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