Broadwind Energy Outpaces Market with 2.75% Gain Despite 41.9% Monthly Drop
Broadwind Energy shares rose 2.75% to $2.24, outpacing the S&P 500’s 2.05% gain, despite a 41.9% one-month decline versus a 9.08% sector advance. Analysts forecast March-quarter EPS of -$0.01 on $37.8M revenue (+12.5% YoY), with full-year EPS of $0.26 and revenue of $158.4M.
1. Stock Performance
Broadwind Energy shares climbed 2.75% to $2.24 in the latest session, outperforming the S&P 500’s 2.05% rise, the Dow’s 2.54% gain and the Nasdaq’s 2.27% advance. Over the past month, however, the stock plunged 41.87%, lagging the Industrial Products sector’s 9.08% increase and the S&P 500’s 1.49% decline.
2. Upcoming Earnings Forecast
Broadwind Energy will report Q1 results on March 11, with consensus estimates calling for EPS of -$0.01, a 75% improvement year-over-year, and revenue of $37.76 million, up 12.53% from the prior-year quarter. Full-year projections stand at $0.26 EPS, reflecting a 420% jump, and $158.37 million in revenue, a 10.64% increase over the previous year.
3. Valuation and Analyst Outlook
The stock trades at a forward P/E of 39.64, a premium to the industry average of 25.63, while holding a Zacks Rank of 3 (Hold). The Manufacturing - General Industrial industry sits in the top 32% of 250 industries with an industry rank of 78, indicating moderate sector strength.