Broadwind Energy, Inc. (BWEN) closed the most recent trading day at $1.90, moving +1.6% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.94%, and the technology-dominated Nasdaq saw an increase of 0.97%.
Prior to today's trading, shares of the company had gained 10% outpaced the Industrial Products sector's gain of 4.07% and the S&P 500's gain of 5.12%.
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 predicted to post an EPS of $0.02, indicating constancy compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $38.02 million, up 4.31% from the year-ago period.
BWEN's full-year Zacks Consensus Estimates are calling for earnings of $0.08 per share and revenue of $151.29 million. These results would represent year-over-year changes of +60% and +5.7%, respectively.
Investors should also note any recent changes to analyst estimates for Broadwind Energy, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 has remained steady. Broadwind Energy, Inc. is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Broadwind Energy, Inc. has a Forward P/E ratio of 23.38 right now. This represents a premium compared to its industry average Forward P/E of 22.62.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 64, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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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