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

Broadwind

13/08/2024 15:23

* 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 net 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 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
$6.00 
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