TPI Composites (TPIC) Scheduled to Post Earnings on Thursday

TPI Composites (NASDAQ:TPIC) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect TPI Composites to post earnings of ($0.66) per share for the quarter. TPI Composites has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of ($0.91) by $1.18. The firm had revenue of $296.99 million during the quarter, compared to the consensus estimate of $340.91 million. During the same period in the prior year, the firm posted ($0.73) EPS. On average, analysts expect TPI Composites to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TPI Composites Stock Down 4.6 %

Shares of TPI Composites stock opened at $2.47 on Thursday. The stock’s fifty day moving average is $2.81 and its 200-day moving average is $2.79. The firm has a market capitalization of $117.25 million, a PE ratio of -0.59 and a beta of 2.03. TPI Composites has a 12-month low of $1.63 and a 12-month high of $13.24.

Analyst Ratings Changes

Separately, Piper Sandler reissued a “neutral” rating and issued a $3.00 price target (down from $4.00) on shares of TPI Composites in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.22.

TPI Composites Company Profile

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators.