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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34278 BROADWIND, INC. (Exact name of registrant as specified in its charter) Delaware 88-0409160 (State or other jurisdict ...

Broadwind | Investor Presentation 2023 1 Second Quarter 2024 Conference Call Presentation August 13, 2024 SAFE HARBOR STATEMENT This document contains "forward looking statements"—that is, statements related to future, not past, events—as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities, as well as assumptions m ...

EXHIBIT 99.1 Broadwind Announces Second Quarter 2024 Results CICERO, Ill., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the "Company"), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2024. SECOND QUARTER 2024 RESULTS Total revenue of $36.5 million Net income of $0.5 million, or $0.02 per diluted share Total non-GAAP adjusted EBITDA of $3.6 million, or 10.0% of total revenue Ratio of net debt ...

CICERO, Ill., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the "Company"), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2024. SECOND QUARTER 2024 RESULTS Total revenue of $36.5 million Net income of $0.5 million, or $0.02 per diluted share Total non-GAAP adjusted EBITDA of $3.6 million, or 10.0% of total revenue Ratio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 1.1x as ...

Core Viewpoint - Broadwind, Inc. (BWEN) is anticipated to report its second-quarter 2024 results on August 13, with expectations of a significant earnings surprise based on past performance [1] Group 1: Earnings Performance - The company has consistently beaten earnings estimates in the last four quarters, achieving an average earnings surprise of 95.5% [1] - In the last reported quarter, BWEN's earnings of 7 cents per share exceeded the Zacks Consensus Estimate of a loss of 7 cents per share by 200% [1] Group 2: Revenue Influences - The Industrial Solutions segment is projected to see increased revenues due to higher gas turbine projects and rising shipments of both new and aftermarket gas turbine content, supported by global electricity demand growth [2] - An increase in order levels driven by strong activity in the natural gas turbine market, along with a focus on expanding the industrial fabrications portfolio and heightened customer interest from the defense industry, is expected to boost revenues [3] Group 3: Cost Structure and Market Challenges - The company has been aligning its cost structure with current demand, which is likely to enhance margin performance [4] - However, a decline in demand for wind towers may negatively impact the Heavy Fabrications segment, and reduced shipments for industrial, mining, and oil & gas customers could affect the Gearing segment's results [4] Group 4: Financial Estimates - The consensus estimate for BWEN's revenues is $37 million, reflecting a decrease of 26.9% compared to the same quarter last year [5] - The consensus estimate for earnings is projected at breakeven, indicating a decline from earnings of 7 cents per share in the previous year [5] Group 5: Earnings Prediction Model - The current model does not predict an earnings beat for BWEN, as the Earnings ESP is 0.00% with both the Most Accurate Estimate and Zacks Consensus Estimate at breakeven [6][7] - BWEN holds a Zacks Rank of 3, indicating a hold position [7]

Company Performance - Broadwind Energy, Inc. (BWEN) ended the latest trading session at $2.64, reflecting a +0.38% adjustment from the previous day's close, but lagged behind the S&P 500's daily gain of 2.3% [1] - Over the past month, shares of Broadwind Energy have decreased by 18.07%, underperforming the Industrial Products sector's loss of 0.97% and the S&P 500's loss of 6.5% [1] Upcoming Earnings - The company's earnings report is scheduled for August 13, 2024, with an expected EPS of $0, indicating a 100% decline from the same quarter last year [2] - Revenue is forecasted at $37.13 million, representing a 26.98% decrease compared to the same quarter last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $0.09 per share and revenue of $151.41 million, reflecting declines of -75% and -25.59% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Broadwind Energy indicate a shifting business landscape, with upward revisions suggesting analysts' optimism regarding the company's operations and profit generation [4] Zacks Rank - Broadwind Energy currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [6] - The Zacks Rank system has a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [6] Valuation Metrics - Broadwind Energy has a Forward P/E ratio of 29.22, which is a premium compared to the industry average Forward P/E of 19.25 [7] - The Manufacturing - General Industrial industry, part of the Industrial Products sector, has a Zacks Industry Rank of 172, placing it in the bottom 33% of over 250 industries [7][8]

CICERO, Ill., July 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 second quarter 2024 results before the market opens on Tuesday, August 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. To participate in the live teleconference: To listen ...

Core Viewpoint - Broadwind Energy has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates and potential stock price increase [5][6][7]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Broadwind Energy has increased by 154.5% over the past three months, reflecting a significant upward trend in earnings estimates [10]. - The upgrade to Zacks Rank 2 positions Broadwind Energy in the top 20% of Zacks-covered stocks based on estimate revisions, suggesting strong potential for stock price appreciation [5][15]. Impact on Stock Price - Rising earnings estimates are correlated with near-term stock price movements, as institutional investors adjust their valuations based on these estimates [12][13]. - The Zacks rating system effectively captures the influence of earnings estimate revisions, making it a valuable tool for investors [13][11]. Company Performance - The expected earnings per share for Broadwind Energy for the fiscal year ending December 2024 is $0.09, which represents a 75% decrease from the previous year's reported number [14].