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Broadwind Energy, Inc. (BWEN) Beats Stock Market Upswing: What Investors Need to Know
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In the latest trading session, Broadwind Energy, Inc. (BWEN - Free Report) closed at $3.75, marking a +2.46% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.44%.
The company's stock has climbed by 3.1% in the past month, exceeding the Industrial Products sector's gain of 0.63% and the S&P 500's gain of 0.86%.
The investment community will be paying close attention to the earnings performance of Broadwind Energy, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.01, showcasing a 75% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $37.76 million, up 12.53% from the year-ago period.
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 might also notice recent changes to analyst estimates for Broadwind Energy, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Broadwind Energy, Inc. presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Broadwind Energy, Inc. is presently being traded at a Forward P/E ratio of 66.54. Its industry sports an average Forward P/E of 22.02, 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. This group has a Zacks Industry Rank of 176, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Broadwind Energy, Inc. (BWEN - Free Report) closed at $3.75, marking a +2.46% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.44%.
The company's stock has climbed by 3.1% in the past month, exceeding the Industrial Products sector's gain of 0.63% and the S&P 500's gain of 0.86%.
The investment community will be paying close attention to the earnings performance of Broadwind Energy, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.01, showcasing a 75% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $37.76 million, up 12.53% from the year-ago period.
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 might also notice recent changes to analyst estimates for Broadwind Energy, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Broadwind Energy, Inc. presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Broadwind Energy, Inc. is presently being traded at a Forward P/E ratio of 66.54. Its industry sports an average Forward P/E of 22.02, 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. This group has a Zacks Industry Rank of 176, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.