In the latest close session, Broadwind Energy, Inc. (BWEN) was up +2.19% at $3.26. This change outpaced the S&P 500's 0.51% loss on the day. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq decreased by 1.51%.
The stock of company has fallen by 4.2% in the past month, lagging the Industrial Products sector's gain of 10.34% and the S&P 500's gain of 0.93%.
Analysts and investors alike will be keeping a close eye on 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. At the same time, our most recent consensus estimate is projecting a revenue of $37.76 million, reflecting a 12.53% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.26 per share and revenue of $158.37 million. These totals would mark changes of +420% and 0%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Broadwind Energy, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Broadwind Energy, Inc. possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Broadwind Energy, Inc. is holding a Forward P/E ratio of 58. Its industry sports an average Forward P/E of 24.79, so one might conclude that Broadwind Energy, Inc. is trading at a premium comparatively.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 73, positioning it in the top 30% of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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