TPI Composites Inc reports results for the quarter - Earnings Summary

TPI Composites

08/11/2024 21:08

* TPI Composites Inc  TPIC.OQ  reported a quarterly adjusted
loss
of 84 cents​​ per share for the quarter , higher than the same
quarter last year, when the company reported EPS of $-1.71.  The
mean expectation of fourteen analysts for the quarter was for a
loss of 15 cents per share. Wall Street expected results to
range from -32 cents to 23 cents per share.
    * Revenue rose 2.1% to $380.76 million from a year ago;
analysts
expected $367.90 million. 
    * TPI Composites Inc's reported EPS for the quarter was a
loss
of 84 cents​.
    * The company reported a quarterly loss of $40.07 million.
    * TPI Composites Inc shares had fallen by 38.6% this
quarter and
lost 32.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 27.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "hold"

Wall Street's median 12-month price target for TPI Composites
Inc is 4.00 
This summary was machine generated from LSEG data November 8 at
09:07 p.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.15          -0.84          Missed
 Jun. 30 2024      -0.64          -1.92          Missed
 Mar. 31 2024      -0.74          -1.30          Missed
 Dec. 31 2023      -0.88          0.31           Beat