In the latest close session, Broadwind Energy, Inc. (BWEN) was down 3.86% at $1.99. This move lagged the S&P 500's daily loss of 0.5%. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq decreased by 0.5%.
Prior to today's trading, shares of the company had lost 4.17% lagged the Industrial Products sector's loss of 1.21% and the S&P 500's gain of 2.74%.
The investment community will be closely monitoring the performance of Broadwind Energy, Inc. in its forthcoming earnings report. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $41.77 million, up 17.65% from the year-ago period.
BWEN's full-year Zacks Consensus Estimates are calling for earnings of -$0.02 per share and revenue of $0 million. These results would represent year-over-year changes of -140% and 0%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Broadwind Energy, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Broadwind Energy, Inc. possesses a Zacks Rank of #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 24% 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.
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 ReportThis article originally published on Zacks Investment Research (zacks.com).
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