Broadwind Energy, Inc. (BWEN) closed at $4.92 in the latest trading session, marking a -3.34% move from the prior day. This change lagged the S&P 500's daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq increased by 0.62%.
The stock of company has risen by 6.49% in the past month, leading the Industrial Products sector's gain of 0.99% and the S&P 500's gain of 1.61%.
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 forecasted to report an EPS of -$0.01, showcasing a 75% upward movement from the corresponding quarter of the prior 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.
BWEN's full-year Zacks Consensus Estimates are calling for earnings of -$0.08 per share and revenue of $121.9 million. These results would represent year-over-year changes of -134.78% and -22.87%, respectively.
Investors should also note any recent changes to analyst estimates for Broadwind Energy, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 remained stagnant. 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 57, placing it within the top 24% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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).