Babcock (NYSE:BW) Releases Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• Babcock (NYSE:BW) reported an EPS of ($0.10) for the quarter, missing the consensus estimate of ($0.08) by $0.02.
• Following the earnings announcement, Babcock's stock fell 3.4% to $1.28, with a trading volume significantly above its average.
• Wall Street Zen has begun coverage on Babcock, issuing a "hold" rating on the stock.

Babcock (NYSE:BW - Get Free Report) released its earnings results on Monday. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02), Zacks reports.

Babcock Stock Down 3.4%

NYSE BW traded down $0.05 during trading on Monday, hitting $1.28. 1,857,468 shares of the stock traded hands, compared to its average volume of 1,697,962. Babcock has a 12-month low of $0.22 and a 12-month high of $2.99. The firm has a 50-day simple moving average of $1.05 and a 200-day simple moving average of $0.90. The company has a market capitalization of $125.46 million, a P/E ratio of -1.54 and a beta of 1.72.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on Babcock in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock.

About Babcock

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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