* TPI Composites Inc 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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