Babcock & Wilcox Enterprises Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

Babcock & Wilcox Enterprises, Inc. BW will release its fourth-quarter financial results after the closing bell on Monday, March 31.

Analysts expect the Akron, Ohio-based company to report quarterly loss at 5 cents per share, versus a year-ago loss of 18 cents per share. Babcock & Wilcox projects quarterly revenue of $213.07 million, compared to $227.2 million a year earlier, according to data from Benzinga Pro.

On Feb. 6, Babcock & Wilcox’s Babcock & Wilcox construction subsidiary was awarded $35 million in contracts for maintenance and service work at power plants and industrial facilities in North America.

Babcock & Wilcox shares dipped 7.6% to close at $0.74 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Lake Street analyst Rob Brown maintained a Buy rating and cut the price target from $11 to $8 on April 11, 2024. This analyst has an accuracy rate of 72%.
• DA Davidson analyst Brent Thielman maintained a Buy rating and slashed the price target from $4 to $3.5 on March 19, 2024. This analyst has an accuracy rate of 80%.

Considering buying BW stock? Here’s what analysts think:

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