TPI Composites Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

In This Article:

TPI Composites (NASDAQ:TPIC) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$380.8m (up 2.1% from 3Q 2023).

  • Net loss: US$38.6m (loss narrowed by 47% from 3Q 2023).

  • US$0.81 loss per share (improved from US$1.71 loss in 3Q 2023).

earnings-and-revenue-growth
NasdaqGM:TPIC Earnings and Revenue Growth November 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

TPI Composites Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 18% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for TPI Composites (1 can't be ignored) you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Waiting for permission
Allow microphone access to enable voice search

Try again.