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Why Broadwind Energy, Inc. (BWEN) Dipped More Than Broader Market Today
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In the latest close session, Broadwind Energy, Inc. (BWEN - Free Report) was down 3.77% at $4.85. This change lagged the S&P 500's daily loss of 1.44%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
The company's stock has climbed by 29.56% in the past month, exceeding the Industrial Products sector's gain of 9.25% and the S&P 500's gain of 0.08%.
The investment community will be closely monitoring the performance of Broadwind Energy, Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.01, up 75% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $34 million, down 13.35% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.08 per share and a revenue of $121.9 million, signifying shifts of -134.78% and -22.87%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Broadwind Energy, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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, there's been no change in the Zacks Consensus EPS estimate. Currently, Broadwind Energy, Inc. is carrying a Zacks Rank of #4 (Sell).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% 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.
View the Zacks #1 Rank List
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Why Broadwind Energy, Inc. (BWEN) Dipped More Than Broader Market Today
In the latest close session, Broadwind Energy, Inc. (BWEN - Free Report) was down 3.77% at $4.85. This change lagged the S&P 500's daily loss of 1.44%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
The company's stock has climbed by 29.56% in the past month, exceeding the Industrial Products sector's gain of 9.25% and the S&P 500's gain of 0.08%.
The investment community will be closely monitoring the performance of Broadwind Energy, Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.01, up 75% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $34 million, down 13.35% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.08 per share and a revenue of $121.9 million, signifying shifts of -134.78% and -22.87%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Broadwind Energy, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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, there's been no change in the Zacks Consensus EPS estimate. Currently, Broadwind Energy, Inc. is carrying a Zacks Rank of #4 (Sell).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% 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.