Broadwind Energy, Inc. (BWEN) closed the most recent trading day at $3.28, moving -2.47% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.41% for the day. Elsewhere, the Dow saw a downswing of 0.83%, while the tech-heavy Nasdaq appreciated by 0.91%.
Heading into today, shares of the company had gained 12% over the past month, outpacing the Industrial Products sector's gain of 6.61% and the S&P 500's gain of 0.38%.
Investors will be eagerly watching for the performance of Broadwind Energy, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.01, indicating a 75% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $37.76 million, indicating a 12.53% growth compared to the corresponding quarter of the prior year.
BWEN's full-year Zacks Consensus Estimates are calling for earnings of $0.26 per share and revenue of $158.37 million. These results would represent year-over-year changes of +420% and 0%, respectively.
Any recent changes to analyst estimates for Broadwind Energy, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Broadwind Energy, Inc. is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Broadwind Energy, Inc. is at present trading with a Forward P/E ratio of 61.09. For comparison, its industry has an average Forward P/E of 23.36, 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 95, finds itself in the top 39% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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