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

TPI Composites (NASDAQ:TPICGet Free Report) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect TPI Composites to post earnings of ($0.17) 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:TPICGet Free Report) last posted its quarterly earnings results 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 for 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 stock opened at $3.73 on Wednesday. The company has a fifty day moving average price of $4.10 and a two-hundred day moving average price of $4.12. TPI Composites has a one year low of $1.63 and a one year high of $5.75. The stock has a market cap of $177.38 million, a P/E ratio of -0.81 and a beta of 1.93.

Analyst Upgrades and Downgrades

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

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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Earnings History for TPI Composites (NASDAQ:TPIC)

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