Babcock & Wilcox Enterprises, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Babcock & Wilcox Enterprises, Inc. BW.N reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of four analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from zero cents to 5 cents per share.

• Revenue rose 95.2% to $290.80 million from a year ago; analysts expected $226.45 million.

• Babcock & Wilcox Enterprises, Inc.'s reported EPS for the quarter was 61 cents​.

• The company reported quarterly net income of $90.2 million.

• Babcock & Wilcox Enterprises, Inc. shares had fallen by 44.3% this quarter and lost 48.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% 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 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy electrical equipment peer group is also "buy"

• Wall Street's median 12-month price target for Babcock & Wilcox Enterprises, Inc. is $21.50, about 82.4% above its last closing price of $3.79

This summary was machine generated from LSEG data November 10 at 02:05 a.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)