Why Broadwind Energy, Inc. (BWEN) Dipped More Than Broader Market Today

In the latest trading session, Broadwind Energy, Inc. (BWEN) closed at $2.12, marking a -4.07% move from the previous day. This change lagged the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.44%, and the technology-centric Nasdaq decreased by 0.28%.

Shares of the company witnessed a loss of 8.68% over the previous month, beating the performance of the Industrial Products sector with its loss of 9.27%, and underperforming the S&P 500's loss of 3.59%.

The upcoming earnings release of Broadwind Energy, Inc. will be of great interest to investors. The company is predicted to post an EPS of -$0.07, indicating a 250% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $33.13 million, showing a 10.08% drop compared to the year-ago quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.07 per share and a revenue of $145.69 million, representing changes of -130.43% and -7.82%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Broadwind Energy, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 27.78% increase. At present, Broadwind Energy, Inc. boasts a Zacks Rank of #3 (Hold).

The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 28% echelons 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.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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