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

TPI Composites

04/05/2023 24:44

* TPI Composites Inc  TPIC.OQ  reported a quarterly adjusted
loss
of 88 cents​​ per share for the quarter ended in March. The mean
expectation of fifteen analysts for the quarter was for a loss
of 38 cents per share.
    * Revenue rose 5% to $404.07 million from a year ago;
analysts
expected $378.45 million. 
    * TPI Composites Inc's reported EPS for the quarter was a
loss
of 88 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * TPI Composites Inc shares had fallen by 16.9% this
quarter and
gained 7.0% so far this year.
    * The company reported a quarterly loss of $37.3 million.
    * Wall Street's median 12-month price target for TPI
Composites
Inc is $16.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 11:43 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.40          -0.48          Missed