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Here's Why Broadwind Energy, Inc. (BWEN) Fell More Than Broader Market
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Broadwind Energy, Inc. (BWEN - Free Report) ended the recent trading session at $5.03, demonstrating a -1.18% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.14%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.57%.
Heading into today, shares of the company had gained 4.95% over the past month, outpacing the Industrial Products sector's loss of 3.37% and the S&P 500's gain of 0.25%.
Analysts and investors alike will be keeping a close eye on the performance of Broadwind Energy, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.01, reflecting a 75% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34 million, down 13.35% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.08 per share and a revenue of $121.9 million, indicating changes of -134.78% and -22.87%, respectively, from the former year.
Investors should also pay attention to any latest changes in 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Broadwind Energy, Inc. is carrying a Zacks Rank of #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% 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.
To follow BWEN in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Here's Why Broadwind Energy, Inc. (BWEN) Fell More Than Broader Market
Broadwind Energy, Inc. (BWEN - Free Report) ended the recent trading session at $5.03, demonstrating a -1.18% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.14%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.57%.
Heading into today, shares of the company had gained 4.95% over the past month, outpacing the Industrial Products sector's loss of 3.37% and the S&P 500's gain of 0.25%.
Analysts and investors alike will be keeping a close eye on the performance of Broadwind Energy, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.01, reflecting a 75% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34 million, down 13.35% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.08 per share and a revenue of $121.9 million, indicating changes of -134.78% and -22.87%, respectively, from the former year.
Investors should also pay attention to any latest changes in 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Broadwind Energy, Inc. is carrying a Zacks Rank of #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% 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.
To follow BWEN in the coming trading sessions, be sure to utilize Zacks.com.