Broadwind Inc reports results for the quarter ended June 30 - Earnings Summary

• Broadwind Inc BWEN.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of three analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -1 cents to 4 cents per share.

• Revenue rose 7.6% to $39.24 million from a year ago; analysts expected $37.65 million.

• Broadwind Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $989 thousand.

• Broadwind Inc shares had risen by 37.6% this quarter and gained 32.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 76.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

• Wall Street's median 12-month price target for Broadwind Inc is $4.00, about 37.7% above its last closing price of $2.49

This summary was machine generated from LSEG data August 12 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)