Why Broadwind Energy, Inc. (BWEN) Dipped More Than Broader Market Today

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]