Broadwind(US:BWEN) ZACKSยท2024-08-09 17:17Core 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]