TPI Composites Inc reports results for the quarter ended December 31 - Earnings Summary

TPI Composites

20/02/2025 22:01

* TPI Composites Inc  TPIC.OQ  reported a quarterly adjusted
loss
of $1.01​​ per share for the quarter ended December 31, lower
than the same quarter last year, when the company reported EPS
of 31 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 35 cents per share. Wall Street
expected results to range from -58 cents to -6 cents per share.
    * Revenue rose 16.7% to $346.51 million from a year ago;
analysts
expected $364.34 million. 
    * TPI Composites Inc's reported EPS for the quarter was a
loss of
$1.01​.
    * The company reported a quarterly loss of $48.08 million.
    * TPI Composites Inc shares had fallen by 24.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.7%
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 3 "strong buy" or "buy," 7
"hold" and 1 "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 $3.25 
This summary was machine generated from LSEG data February 20 at
10:01 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
 Dec. 31 2024      -0.35          -1.01          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