TPI Composites (NASDAQ:TPIC - Get Free Report) is scheduled to be announcing its earnings results 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 listening to the company's conference call can do so using this link.
TPI Composites (NASDAQ:TPIC - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.69) by ($0.54). The company had revenue of $309.82 million during the quarter, compared to analyst estimates 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 Stock Down 0.6 %
NASDAQ TPIC traded down $0.02 during trading hours on Thursday, hitting $3.40. The company had a trading volume of 363,628 shares, compared to its average volume of 902,079. TPI Composites has a fifty-two week low of $1.63 and a fifty-two week high of $5.75. The business has a fifty day simple moving average of $4.14 and a 200-day simple moving average of $4.09. The firm has a market cap of $160.62 million, a P/E ratio of -0.74 and a beta of 1.91.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of TPI Composites from $3.50 to $3.70 and gave the stock a "neutral" rating in a report on Monday, August 12th. Bank of America lifted their price target on TPI Composites from $5.00 to $6.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on TPI Composites from $8.00 to $9.00 and gave the stock an "overweight" rating in a report on Tuesday, July 16th. Jefferies Financial Group started coverage on TPI Composites in a research note on Thursday, October 17th. They set a "hold" rating and a $5.00 target price on the stock. Finally, Evercore ISI raised shares of TPI Composites to a "strong-buy" rating in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $5.08.
View Our Latest Research Report on TPI Composites
About TPI Composites
(
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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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