Analysts Expect Broadwind Energy, Inc. (BWEN) to Post ($0.30) EPS
Broadwind Energy, Inc. (NASDAQ:BWEN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus target price of $5.50 for the company and are predicting that the company will post ($0.30) EPS for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 72 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Roth Capital set a $5.00 price target on Broadwind Energy and gave the stock a “buy” rating in a research report on Tuesday. Cowen and Company reaffirmed an “outperform” rating and set a $8.00 price target (down from $9.00) on shares of Broadwind Energy in a research report on Wednesday, August 2nd. Finally, ValuEngine downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.
Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. The business had revenue of $29.60 million for the quarter, compared to the consensus estimate of $29.84 million. Broadwind Energy had a negative return on equity of 1.31% and a net margin of 2.05%. The business’s quarterly revenue was down 30.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share.
Broadwind Energy Company Profile
Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Broadwind Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadwind Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.