Global wind blade manufacturer TPI Composites (NASDAQ:TPIC) will be reporting results tomorrow after the bell. Here’s what investors should know.

TPI Composites beat analysts’ revenue expectations by 3.8% last quarter, reporting revenues of $380.8 million, up 2.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ billings estimates but a significant miss of analysts’ adjusted operating income estimates.

Is TPI Composites a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting TPI Composites’s revenue to grow 22.8% year on year to $364.8 million, a reversal from the 26.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.34 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at TPI Composites’s peers in the renewable energy segment, some have already reported their Q4 results, giving us a hint as to what we can expect. American Superconductor delivered year-on-year revenue growth of 56%, beating analysts’ expectations by 8.4%, and Nextracker reported a revenue decline of 4.4%, topping estimates by 3.6%. American Superconductor traded up 33.9% following the results while Nextracker was also up 24.3%.

Read our full analysis of American Superconductor’s results here and Nextracker’s results here.

Inflation has progressed towards the Fed’s 2% goal as of late, leading to strong stock market performance. Recent rate cuts and the 2024 Presidential election's conclusion added further sparks to the market, and while some of the renewable energy stocks have shown solid performance, the group has generally underperformed, with share prices down 4.3% on average over the last month. TPI Composites is down 4.8% during the same time and is heading into earnings with an average analyst price target of $3.97 (compared to the current share price of $1.34).

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