TPI Composites (TPIC) Scheduled to Post Quarterly Earnings on Thursday

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

TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.91) by $1.18. The business had revenue of $296.99 million during the quarter, compared to analyst estimates of $340.91 million. During the same quarter in the previous year, the firm posted ($0.73) earnings per share. 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 Price Performance

TPI Composites stock opened at $3.18 on Wednesday. The firm has a 50-day moving average of $2.80 and a 200-day moving average of $2.80. The company has a market cap of $150.95 million, a price-to-earnings ratio of -0.76 and a beta of 2.03. TPI Composites has a one year low of $1.63 and a one year high of $12.51.

Analyst Ratings Changes

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $3.00 price target (down previously 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 issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.