Broadwind Inc BWEN.OQ reported quarterly adjusted earnings of 2 cents per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of four analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 1 cents per share.
Revenue fell 28.3% to $36.45 million from a year ago; analysts expected $37.45 million.
Broadwind Inc's reported EPS for the quarter was 2 cents.
The company reported quarterly income of $482 thousand.
Broadwind Inc shares had fallen by 25.3% this quarter and lost 11.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 166.7% in the last three months.
In the last 30 days, there have been earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," "hold" and "sell" or "strong sell."
The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"
Wall Street's median 12-month price target for Broadwind Inc is $6.00
This summary was machine generated from LSEG data August 13 at 02:22 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Jun. 30 2024 |
0.01 |
0.02 |
Beat |
Mar. 31 2024 |
-0.06 |
0.07 |
Beat |
Dec. 31 2023 |
0.01 |
0.05 |
Beat |
Sep. 30 2023 |
0.09 |
0.20 |
Beat |