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

• TPI Composites Inc TPIC.OQ reported a quarterly adjusted loss of $1.01​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.30. The mean expectation of eight analysts for the quarter was for a loss of 58 cents per share. Wall Street expected results to range from -80 cents to -40 cents per share.

• Revenue rose 12.4% to $336.16 million from a year ago; analysts expected $311.93 million.

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

• The company reported a quarterly loss of $48.31 million.

• TPI Composites Inc shares had risen by 7.9% this quarter and lost 54.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 72.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "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 $2.00

This summary was machine generated from LSEG data May 12 at 09:01 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)