Babcock & Wilcow Enterprises (BW) Reports Q3 Loss, Misses Revenue Estimates

Company Performance - Babcock & Wilcox Enterprises reported a quarterly loss of $0.11 per share, missing the Zacks Consensus Estimate of$0.02, and showing an improvement from a loss of $0.18 per share a year ago, resulting in an earnings surprise of -650$209.9 million for the quarter ended September 2024, which was 5.54% below the Zacks Consensus Estimate and a decrease from year-ago revenues of 239.4 million [2] - Over the last four quarters, Babcock & Wilcox has not surpassed consensus EPS or revenue estimates [2] Stock Performance - Babcock & Wilcox shares have increased approximately 80.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 25.8% [3] - The current consensus EPS estimate for the upcoming quarter is 0.15 on revenues of $248.4 million, and for the current fiscal year, it is$0.27 on revenues of $911.8 million [7] Industry Outlook - The Electronics - Power Generation industry, to which Babcock & Wilcox belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]