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

TPI Composites

02/11/2023 23:17

* TPI Composites Inc  TPIC.OQ  reported a quarterly adjusted
loss
of $1.71​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of -39 cents.  The mean expectation of fifteen analysts for the
quarter was for a loss of 59 cents per share. Wall Street
expected results to range from -82 cents to -39 cents per share.
    * Revenue fell 18.8% to $372.86 million from a year ago;
analysts
expected $381.63 million. 
    * TPI Composites Inc's reported EPS for the quarter was a
loss of
$1.71​.
    * The company reported a quarterly loss of $72.85 million.
    * TPI Composites Inc shares had fallen by 15.5% this
quarter and
lost 77.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34.5%
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 $9.50 
This summary was machine generated from LSEG data November 2 at
11:17 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.59          -1.71          Missed
 Jun. 30 2023      -1.07          -1.90          Missed
 Mar. 31 2023      -0.39          -0.88          Missed
 Dec. 31 2022      -0.69          -1.38          Missed