In the latest trading session, Broadwind Energy, Inc. (BWEN) closed at $2.87, marking a +2.5% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 0.38%.
Prior to today's trading, shares of the company had gained 54.7% outpaced the Industrial Products sector's gain of 6.17% and the S&P 500's gain of 3.64%.
Analysts and investors alike will be keeping a close eye on the performance of Broadwind Energy, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.02, marking stability compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $38.02 million, showing a 4.31% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.08 per share and a revenue of $151.29 million, representing changes of +60% and +5.7%, respectively, from the prior year.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Broadwind Energy, Inc. boasts a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Broadwind Energy, Inc. currently has a Forward P/E ratio of 35. For comparison, its industry has an average Forward P/E of 21.94, which means Broadwind Energy, Inc. is trading at a premium to the group.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 27, finds itself in the top 11% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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 ReportThis article originally published on Zacks Investment Research (zacks.com).
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