Broadwind Inc reports results for the quarter ended in December - Earnings Summary

Broadwind

05/03/2024 23:37

* Broadwind Inc  BWEN.OQ  reported quarterly adjusted
earnings of
5 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -14 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 -5 cents to 8 cents per share.
    * Revenue rose 16.3% to $46.60 million from a year ago;
analysts
expected $50.16 million. 
    * Broadwind Inc's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $1.07
million.
    * Broadwind Inc shares had fallen by 12.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 180%
in the last three months.​ 
    * In the last 30 days, there have been no 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," no
"hold" and no "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
$6.50 
This summary was machine generated from LSEG data March 5 at
11:36 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
 Dec. 31 2023      0.01           0.05           Beat
 Sep. 30 2023      0.09           0.20           Beat
 Jun. 30 2023      0.00           0.07           Beat
 Mar. 31 2023      -0.05          0.04           Beat