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Why Broadwind Energy, Inc. (BWEN) Outpaced the Stock Market Today
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Broadwind Energy, Inc. (BWEN - Free Report) closed the most recent trading day at $2.63, moving +1.94% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.12%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.2%.
Heading into today, shares of the company had gained 30.96% over the past month, outpacing the Industrial Products sector's gain of 5.95% and the S&P 500's gain of 9.3%.
The upcoming earnings release of Broadwind Energy, Inc. will be of great interest to investors. On that day, Broadwind Energy, Inc. is projected to report earnings of -$0.07 per share, which would represent a year-over-year decline of 250%. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.07 per share and revenue of $145.69 million, indicating changes of -130.43% and -7.82%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Broadwind Energy, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. currently has a Zacks Rank of #2 (Buy).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 152, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Why Broadwind Energy, Inc. (BWEN) Outpaced the Stock Market Today
Broadwind Energy, Inc. (BWEN - Free Report) closed the most recent trading day at $2.63, moving +1.94% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.12%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.2%.
Heading into today, shares of the company had gained 30.96% over the past month, outpacing the Industrial Products sector's gain of 5.95% and the S&P 500's gain of 9.3%.
The upcoming earnings release of Broadwind Energy, Inc. will be of great interest to investors. On that day, Broadwind Energy, Inc. is projected to report earnings of -$0.07 per share, which would represent a year-over-year decline of 250%. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.07 per share and revenue of $145.69 million, indicating changes of -130.43% and -7.82%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Broadwind Energy, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. currently has a Zacks Rank of #2 (Buy).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 152, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.