Broadwind Q2 2024 GAAP EPS $0.02 Beats $0.00 Estimate, Sales $36.452M Miss $37.448M Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadwind (NASDAQ:BWEN) reported Q2 2024 GAAP EPS of $0.02, beating the $0.00 estimate, but sales of $36.452M missed the $37.448M estimate. EPS decreased by 71.43% YoY, and sales decreased by 28.30% YoY.
August 13, 2024 | 11:02 am
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Broadwind's Q2 2024 earnings per share of $0.02 beat the analyst estimate of $0.00, but sales of $36.452M missed the $37.448M estimate. EPS decreased by 71.43% YoY, and sales decreased by 28.30% YoY.
While Broadwind's EPS beat expectations, the significant YoY decrease in both EPS and sales, along with the sales miss, creates a mixed outlook. Investors may have a neutral short-term reaction as the positive EPS is offset by declining sales and earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100