The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Broadwind Energy, Inc. (BWEN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Broadwind Energy cu ...

CICERO, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue third quarter 2024 results before the market opens on Wednesday, November 13, 2024. A conference call will be held that same day at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanyin ...

Broadwind Energy, Inc. (BWEN) closed at $2.12 in the latest trading session, marking a +1.68% move from the prior day. This move outpaced the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%. Shares of the company witnessed a loss of 9.17% over the previous month, trailing the performance of the Industrial Products sector with its gain of 5.02% and the S&P 500's gain of 3.76%. Market participants will be closely following the financial results of Br ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Broadwind Energy, Inc. (BWEN) . Broadwind Energy currently has a ...

In the latest market close, Broadwind Energy, Inc. (BWEN) reached $2.17, with a -0.46% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.61%. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 0.33%. The company's stock has climbed by 2.35% in the past month, falling short of the Industrial Products sector's gain of 7.42% and the S&P 500's gain of 5.36%. The upcoming earnings release of Broadwind Energy, Inc. will be of ...

In the latest market close, Broadwind Energy, Inc. (BWEN) reached $2.18, with a -0.46% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.01%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.08%. Shares of the company have appreciated by 5.29% over the course of the past month, outperforming the Industrial Products sector's gain of 4.18% and the S&P 500's gain of 1.21%. The investment community will be closely monitoring the per ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Broadwind Energy, Inc. (BWEN) . Broadwind Energy currently has an average brokerage recommenda ...

Group 1 - Broadwind Energy, Inc. (BWEN) closed at $2.19, reflecting a -1.79% change from the previous trading day's close, underperforming the S&P 500, which lost 0.29% [1] - Over the past month, BWEN shares have appreciated by 6.7%, outperforming the Industrial Products sector's gain of 3.77% and the S&P 500's gain of 1.57% [1] Group 2 - The upcoming earnings release is projected to show earnings of -$0.05 per share, representing a year-over-year decline of 125%, with revenue expected at $36.85 million, down 35.53% from the prior-year quarter [2] - For the full year, earnings are projected at $0.02 per share and revenue at $148.07 million, indicating changes of -94.44% and -27.23% respectively from the prior year [3] Group 3 - Monitoring analyst projections for Broadwind Energy is crucial, as positive revisions indicate confidence in the company's performance and profit potential [4] - Estimate revisions are correlated with near-term share price momentum, and the Zacks Rank system integrates these changes to provide a functional rating [5] Group 4 - Broadwind Energy has a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] - The company holds a Forward P/E ratio of 148.67, which is a premium compared to the industry's average Forward P/E of 21.1 [7] Group 5 - The Manufacturing - General Industrial industry, part of the Industrial Products sector, has a Zacks Industry Rank of 150, placing it in the bottom 41% of over 250 industries [7] - The Zacks Industry Rank assesses industry vigor by computing the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Broadwind Energy, Inc. (BWEN), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][3]. Group 1: Brokerage Recommendations - Broadwind Energy has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy based on recommendations from three brokerage firms, all of which are Strong Buy [2]. - Despite the Strong Buy recommendation, relying solely on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high price appreciation potential [3][4]. - Brokerage firms tend to exhibit a positive bias in their ratings due to vested interests, resulting in a disproportionate number of favorable ratings compared to negative ones [4][5]. Group 2: Zacks Rank Comparison - The Zacks Rank, which is based on earnings estimate revisions, is presented as a more reliable indicator of a stock's near-term price performance compared to ABR [6][9]. - Zacks Rank is distinct from ABR; while both use a 1-5 scale, ABR is based solely on brokerage recommendations, whereas Zacks Rank incorporates quantitative models related to earnings estimates [7][10]. - The Zacks Rank is timely and reflects the latest earnings estimate revisions, making it a more current tool for predicting future stock prices [10]. Group 3: Current Performance of Broadwind Energy - The Zacks Consensus Estimate for Broadwind Energy's current year earnings remains unchanged at $0.02, suggesting analysts have steady views on the company's earnings prospects [11]. - The unchanged consensus estimate has led to a Zacks Rank of 3 (Hold) for Broadwind Energy, indicating a cautious approach despite the Buy-equivalent ABR [12].

Broadwind, Inc. (NASDAQ:BWEN) Q2 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Thomas Ciccone - Vice President and Chief Financial Officer Eric Blashford - President and Chief Executive Officer Conference Call Participants Justin Clare - ROTH Capital Partners Amit Dayal - H.C. Wainwright Eric Stine - Craig-Hallum Capital Group LLC Martin Malloy - Johnson Rice & Company Operator Greetings, and welcome to Broadwind Second Quarter 2024 Results Conference Call. At this time, all ...