Broadwind Energy, Inc. (BWEN) closed at $2.13 in the latest trading session, marking a -4.05% move from the prior day. This move lagged the S&P 500's daily loss of 2.71%. On the other hand, the Dow registered a loss of 1.9%, and the technology-centric Nasdaq decreased by 3.56%.
The company's shares have seen a decrease of 3.06% over the last month, not keeping up with the Industrial Products sector's gain of 1.97% and the S&P 500's gain of 3.5%.
The investment community will be closely monitoring the performance of Broadwind Energy, Inc. in its forthcoming earnings report. Meanwhile, the latest consensus estimate predicts the revenue to be $41.77 million, indicating a 17.65% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.02 per share and revenue of $0 million, indicating changes of -140% and 0%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Broadwind Energy, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. 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. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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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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