TPI Composites Inc reports results for the quarter ended December 31 - Earnings Summary

• TPI Composites Inc TPIC.OQ reported a quarterly adjusted loss of $1.01​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of ten analysts for the quarter was for a loss of 35 cents per share. Wall Street expected results to range from -58 cents to -6 cents per share.

• Revenue rose 16.7% to $346.51 million from a year ago; analysts expected $364.34 million.

• TPI Composites Inc's reported EPS for the quarter was a loss of $1.01​.

• The company reported a quarterly loss of $48.08 million.

• TPI Composites Inc shares had fallen by 24.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.7% 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 3 "strong buy" or "buy," 7 "hold" and 1 "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 $3.25

This summary was machine generated from LSEG data February 20 at 10:01 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)