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Broadwind Energy, Inc. (BWEN) Beats Stock Market Upswing: What Investors Need to Know
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Broadwind Energy, Inc. (BWEN - Free Report) ended the recent trading session at $2.97, demonstrating a +2.41% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.7%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
The stock of company has fallen by 31.44% in the past month, lagging the Industrial Products sector's loss of 5.41% and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Broadwind Energy, Inc. in its upcoming release. In that report, analysts expect Broadwind Energy, Inc. to post earnings of -$0.04 per share. This would mark a year-over-year decline of 200%. Simultaneously, our latest consensus estimate expects the revenue to be $23.82 million, showing a 46.17% drop compared to the year-ago quarter.
BWEN's full-year Zacks Consensus Estimates are calling for earnings of -$0.11 per share and revenue of $106.73 million. These results would represent year-over-year changes of -147.83% and -32.47%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Broadwind Energy, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Broadwind Energy, Inc. is currently a Zacks Rank #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 34% of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Broadwind Energy, Inc. (BWEN) Beats Stock Market Upswing: What Investors Need to Know
Broadwind Energy, Inc. (BWEN - Free Report) ended the recent trading session at $2.97, demonstrating a +2.41% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.7%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
The stock of company has fallen by 31.44% in the past month, lagging the Industrial Products sector's loss of 5.41% and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Broadwind Energy, Inc. in its upcoming release. In that report, analysts expect Broadwind Energy, Inc. to post earnings of -$0.04 per share. This would mark a year-over-year decline of 200%. Simultaneously, our latest consensus estimate expects the revenue to be $23.82 million, showing a 46.17% drop compared to the year-ago quarter.
BWEN's full-year Zacks Consensus Estimates are calling for earnings of -$0.11 per share and revenue of $106.73 million. These results would represent year-over-year changes of -147.83% and -32.47%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Broadwind Energy, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Broadwind Energy, Inc. is currently a Zacks Rank #3 (Hold).
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 34% of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.