TPI Composites Inc reports results for the quarter ended in June - Earnings Summary

TPI Composites

03/08/2023 22:48

* TPI Composites Inc  TPIC.OQ  reported a quarterly adjusted
loss
of $1.90​​ per share for the quarter ended in June. The mean
expectation of sixteen analysts for the quarter was for a loss
of $1.01 per share.
    * Revenue fell 15.7% to $381.27 million from a year ago;
analysts
expected $389.53 million. 
    * TPI Composites Inc's reported EPS for the quarter was a
loss of
$1.90​.
    * The mean earnings estimate of analysts had fallen by
about 132%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates 
    * TPI Composites Inc shares had fallen by 42.4% this
quarter and
lost 41.1% so far this year.
    * The company reported a quarterly loss of $80.84 million.
    * Wall Street's median 12-month price target for TPI
Composites
Inc is $14.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -1.01          -1.90          Missed
 Mar. 31 2023      -0.38          -0.88          Missed
 Dec. 31 2022      -0.69          -1.38          Missed
 Sep. 30 2022      -0.28          -0.39          Missed