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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

TPI Composites (NASDAQ:TPIC) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.27 EPS for the quarter, beating the consensus estimate of ($0.91) by $1.18. The firm had revenue of $296.99 million for the quarter, compared to the consensus estimate of $340.91 million. During the same quarter in the prior year, the firm earned ($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 TPIC opened at $2.47 on Thursday. The business’s fifty day moving average is $2.81 and its 200 day moving average is $2.79. TPI Composites has a 12-month low of $1.63 and a 12-month high of $13.24. The stock has a market cap of $117.25 million, a P/E ratio of -0.59 and a beta of 2.03.

Analyst Upgrades and Downgrades

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

About TPI Composites

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.