Babcock & Wilcow Enterprises (BW) Reports Q2 Loss, Lags Revenue Estimates

Company Performance - Babcock & Wilcox Enterprises (BW) reported a quarterly loss of $0.11 per share, which was worse than the Zacks Consensus Estimate of $0.08, and compared to a loss of $0.10 per share a year ago, indicating an earnings surprise of -237.50% [1] - The company posted revenues of $233.6 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 10.91%, and down from $305.2 million in the same quarter last year [2] - Babcock & Wilcox has not surpassed consensus EPS estimates over the last four quarters, and the stock has lost about 24% since the beginning of the year, while the S&P 500 gained 9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $280.5 million, and for the current fiscal year, it is $0.30 on revenues of $1.05 billion [7] - The estimate revisions trend for Babcock & Wilcox is mixed, resulting in a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Electronics - Power Generation industry, to which Babcock & Wilcox belongs, is currently in the top 22% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact the stock's performance [8]