We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Broadwind Energy, Inc. (BWEN) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
Broadwind Energy, Inc. (BWEN - Free Report) ended the recent trading session at $2.46, demonstrating a -1.8% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.78%. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 0.61%.
The stock of company has risen by 33.69% in the past month, leading the Industrial Products sector's gain of 8.59% and the S&P 500's gain of 5.88%.
Analysts and investors alike will be keeping a close eye on the performance of Broadwind Energy, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.02, reflecting no change from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $38.02 million, up 4.31% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.08 per share and revenue of $151.29 million, which would represent changes of +60% and +5.7%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Broadwind Energy, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. At present, Broadwind Energy, Inc. boasts a Zacks Rank of #2 (Buy).
Investors should also note Broadwind Energy, Inc.'s current valuation metrics, including its Forward P/E ratio of 31.25. This expresses a premium compared to the average Forward P/E of 22.39 of its industry.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 33, putting it in the top 14% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Broadwind Energy, Inc. (BWEN) Stock Falls Amid Market Uptick: What Investors Need to Know
Broadwind Energy, Inc. (BWEN - Free Report) ended the recent trading session at $2.46, demonstrating a -1.8% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.78%. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 0.61%.
The stock of company has risen by 33.69% in the past month, leading the Industrial Products sector's gain of 8.59% and the S&P 500's gain of 5.88%.
Analysts and investors alike will be keeping a close eye on the performance of Broadwind Energy, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.02, reflecting no change from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $38.02 million, up 4.31% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.08 per share and revenue of $151.29 million, which would represent changes of +60% and +5.7%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Broadwind Energy, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. At present, Broadwind Energy, Inc. boasts a Zacks Rank of #2 (Buy).
Investors should also note Broadwind Energy, Inc.'s current valuation metrics, including its Forward P/E ratio of 31.25. This expresses a premium compared to the average Forward P/E of 22.39 of its industry.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 33, putting it in the top 14% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.