TPI Composites Inc reports results for the quarter - Earnings Summary
TPI Composites Inc TPIC.OQ reported a quarterly adjusted loss of 84 cents per share for the quarter , higher than the same quarter last year, when the company reported EPS of $-1.71. The mean expectation of fourteen analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -32 cents to 23 cents per share.
Revenue rose 2.1% to $380.76 million from a year ago; analysts expected $367.90 million.
TPI Composites Inc's reported EPS for the quarter was a loss of 84 cents.
The company reported a quarterly loss of $40.07 million.
TPI Composites Inc shares had fallen by 38.6% this quarter and lost 32.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 27.5% 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 4.00
This summary was machine generated from LSEG data November 8 at 09:07 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 |
Sep. 30 2024 | -0.15 | -0.84 | 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 |
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