TPI Composites (NASDAQ:TPIC - Get Free Report) is scheduled to issue 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.Individual that wish to register for the company's earnings conference call can do so using this link.
TPI Composites (NASDAQ:TPIC - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.91) by $1.18. The business had revenue of $296.99 million during the quarter, compared to the consensus estimate of $340.91 million. During the same quarter in the previous year, the business 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 Stock Performance
Shares of TPI Composites stock traded down $0.08 during trading hours on Thursday, reaching $2.39. The company's stock had a trading volume of 1,175,000 shares, compared to its average volume of 1,141,314. The stock has a market cap of $113.45 million, a P/E ratio of -0.57 and a beta of 2.03. The company's 50 day simple moving average is $2.79 and its 200 day simple moving average is $2.79. TPI Composites has a one year low of $1.63 and a one year high of $12.53.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler reissued a "neutral" rating and set a $3.00 target price (down previously from $4.00) on shares of TPI Composites in a research note on Friday, February 23rd. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.22.
Read Our Latest Stock Analysis on TPI Composites
About TPI Composites
(
Get Free Report)
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.
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