Broadwind Energy, Inc. (BWEN) closed the most recent trading day at $3.46, moving -5.98% from the previous trading session. This change lagged the S&P 500's 1.16% gain on the day. On the other hand, the Dow registered a gain of 1.21%, and the technology-centric Nasdaq increased by 1.18%.
Shares of the company witnessed a gain of 17.95% over the previous month, beating the performance of the Industrial Products sector with its gain of 6.02%, and the S&P 500's loss of 0.42%.
Investors will be eagerly watching for 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. Alongside, our most recent consensus estimate is anticipating revenue of $37.76 million, indicating a 12.53% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.26 per share and a revenue of $158.37 million, indicating changes of +420% and 0%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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 shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Broadwind Energy, Inc. holds a Zacks Rank of #3 (Hold).
Digging into valuation, Broadwind Energy, Inc. currently has a Forward P/E ratio of 66.91. This signifies a premium in comparison to the average Forward P/E of 23.2 for its industry.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 100, positioning it in the top 41% of all 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.
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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