Broadwind (BWEN) Scheduled to Post Quarterly Earnings on Wednesday

Broadwind (NASDAQ:BWEN) will be posting its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Broadwind has set its Q3 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings results on Tuesday, August 13th. The industrial products company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Broadwind had a net margin of 4.19% and a return on equity of 13.11%. The company had revenue of $36.45 million for the quarter, compared to analysts’ expectations of $37.13 million. During the same period last year, the firm posted $0.07 earnings per share. On average, analysts expect Broadwind to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Broadwind Price Performance

BWEN opened at $2.06 on Wednesday. The stock has a market cap of $45.30 million, a P/E ratio of 6.06 and a beta of 1.44. Broadwind has a 12 month low of $1.80 and a 12 month high of $4.65. The company has a quick ratio of 0.52, a current ratio of 1.51 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $2.12 and a 200 day simple moving average of $2.73.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. HC Wainwright restated a “buy” rating and issued a $8.00 price target on shares of Broadwind in a report on Wednesday, August 14th. Craig Hallum dropped their target price on shares of Broadwind from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. StockNews.com cut shares of Broadwind from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Roth Mkm dropped their price objective on shares of Broadwind from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

About Broadwind

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.