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Broadwind Energy, Inc. (BWEN) Outperforms Broader Market: What You Need to Know
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Broadwind Energy, Inc. (BWEN - Free Report) closed at $2.08 in the latest trading session, marking a +1.96% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.44%. Meanwhile, the Dow experienced a rise of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.54%.
The company's stock has dropped by 11.69% in the past month, falling short of the Industrial Products sector's loss of 5.63% and the S&P 500's loss of 3.31%.
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 -$0.07, showcasing a 250% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $33.13 million, indicating a 10.08% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.07 per share and a revenue of $145.69 million, indicating changes of -130.43% and -7.82%, respectively, from the former year.
Any recent changes to analyst estimates for Broadwind Energy, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 has moved 27.78% higher. Right now, Broadwind Energy, Inc. possesses a Zacks Rank of #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 57, putting it in the top 24% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Broadwind Energy, Inc. (BWEN) Outperforms Broader Market: What You Need to Know
Broadwind Energy, Inc. (BWEN - Free Report) closed at $2.08 in the latest trading session, marking a +1.96% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.44%. Meanwhile, the Dow experienced a rise of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.54%.
The company's stock has dropped by 11.69% in the past month, falling short of the Industrial Products sector's loss of 5.63% and the S&P 500's loss of 3.31%.
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 -$0.07, showcasing a 250% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $33.13 million, indicating a 10.08% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.07 per share and a revenue of $145.69 million, indicating changes of -130.43% and -7.82%, respectively, from the former year.
Any recent changes to analyst estimates for Broadwind Energy, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 has moved 27.78% higher. Right now, Broadwind Energy, Inc. possesses a Zacks Rank of #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 57, putting it in the top 24% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.