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

TPI Composites

08/08/2024 22:39

* TPI Composites Inc  TPIC.OQ  reported a quarterly adjusted
loss
of $1.92​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of
$-1.90.  The mean expectation of fourteen analysts for the
quarter was for a loss of 64 cents per share. Wall Street
expected results to range from -100 cents to -14 cents per
share.
    * Revenue fell 18.7% to $309.82 million from a year ago;
analysts
expected $312.94 million. 
    * TPI Composites Inc's reported EPS for the quarter was a
loss of
$1.92​.
    * The company reported a quarterly loss of $91.09 million.
    * TPI Composites Inc shares had fallen by 18.2% this
quarter and
lost 21.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 9
"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 August 8 at
09:39 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
 Jun. 30 2024      -0.64          -1.92          Missed
 Mar. 31 2024      -0.74          -1.30          Missed
 Dec. 31 2023      -0.88          0.31           Beat
 Sep. 30 2023      -0.59          -1.71          Missed