Broadwind Energy, Inc. (BWEN) ended the recent trading session at $4.65, demonstrating a -3.73% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.66%.
Prior to today's trading, shares of the company had gained 20.15% outpaced the Industrial Products sector's gain of 10.67% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of Broadwind Energy, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.01, indicating a 75% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $34 million, indicating a 13.35% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.08 per share and a revenue of $121.9 million, indicating changes of -134.78% and -22.87%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Broadwind Energy, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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 past month, the Zacks Consensus EPS estimate has remained steady. As of now, Broadwind Energy, Inc. holds a Zacks Rank of #4 (Sell).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Broadwind Energy, Inc. (BWEN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).