Back to top

Image: Bigstock

Broadwind Energy, Inc. (BWEN) Surpasses Market Returns: Some Facts Worth Knowing

Read MoreHide Full Article

In the latest close session, Broadwind Energy, Inc. (BWEN - Free Report) was up +1.92% at $2.12. The stock's change was more than the S&P 500's daily gain of 0.06%. Elsewhere, the Dow saw an upswing of 0.17%, while the tech-heavy Nasdaq appreciated by 0.39%.

Heading into today, shares of the company had gained 1.96% over the past month, outpacing the Industrial Products sector's gain of 1.09% and lagging the S&P 500's gain of 3.94%.

Market participants will be closely following the financial results of Broadwind Energy, Inc. in its upcoming release. Our most recent consensus estimate is calling for quarterly revenue of $41.77 million, up 17.65% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.02 per share and revenue of $0 million, indicating changes of -140% and 0%, respectively, compared to the previous year.

Investors should also note any recent changes to analyst estimates for Broadwind Energy, Inc. Such recent modifications usually signify the changing landscape 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Broadwind Energy, Inc. is holding a Zacks Rank of #3 (Hold) right now.

The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 40, finds itself in the top 17% echelons 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.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Broadwind Energy, Inc. (BWEN) - free report >>

Published in