TPI Composites (TPIC) Set to Announce Quarterly Earnings on Thursday

TPI Composites (NASDAQ:TPIC) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. TPI Composites has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.54). The business had revenue of $309.82 million during the quarter, compared to analysts’ expectations of $313.76 million. On average, analysts expect TPI Composites to post $-3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TPI Composites Price Performance

Shares of TPIC opened at $3.42 on Thursday. The company has a market capitalization of $161.56 million, a price-to-earnings ratio of -0.74 and a beta of 1.91. TPI Composites has a fifty-two week low of $1.63 and a fifty-two week high of $5.75. The business’s 50-day moving average is $4.14 and its 200-day moving average is $4.09.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TPIC shares. Evercore ISI upgraded TPI Composites to a “strong-buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. upped their target price on TPI Composites from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Jefferies Financial Group initiated coverage on TPI Composites in a report on Thursday, October 17th. They issued a “hold” rating and a $5.00 target price on the stock. Piper Sandler increased their price objective on TPI Composites from $3.50 to $3.70 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Bank of America increased their price objective on TPI Composites from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $5.08.

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.