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Babcock & Wilcox Enterprises (NYSE:BW) Announces Quarterly Earnings Results, Misses Estimates By $0.42 EPS

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Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) announced its earnings results on Monday. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.42), Zacks reports. The business had revenue of $200.80 million during the quarter, compared to analyst estimates of $213.07 million.

Babcock & Wilcox Enterprises Stock Down 12.6 %

Shares of Babcock & Wilcox Enterprises stock traded down $0.06 during midday trading on Thursday, hitting $0.43. The company had a trading volume of 727,892 shares, compared to its average volume of 1,257,466. The company has a fifty day simple moving average of $1.11 and a 200 day simple moving average of $1.66. The stock has a market cap of $40.18 million, a price-to-earnings ratio of -0.51 and a beta of 1.46. Babcock & Wilcox Enterprises has a 12-month low of $0.43 and a 12-month high of $2.99.

Analyst Ratings Changes

Several analysts have commented on BW shares. StockNews.com lowered shares of Babcock & Wilcox Enterprises from a "hold" rating to a "sell" rating in a research report on Tuesday. Lake Street Capital lowered their target price on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Tuesday.

View Our Latest Analysis on BW

Babcock & Wilcox Enterprises Company Profile

(Get Free Report)

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.

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Earnings History for Babcock & Wilcox Enterprises (NYSE:BW)

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