TPI Composites (NASDAQ:TPIC) Releases Quarterly Earnings Results, Misses Expectations By $0.66 EPS

TPI Composites (NASDAQ:TPIC) issued its earnings results on Thursday. The industrial products company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.66), Zacks reports. TPI Composites updated its FY 2025 guidance to EPS.

TPI Composites Trading Up 2.8 %

NASDAQ TPIC traded up $0.04 on Thursday, hitting $1.46. 867,525 shares of the stock traded hands, compared to its average volume of 925,661. The stock has a 50-day moving average of $1.57 and a 200 day moving average of $2.81. TPI Composites has a twelve month low of $1.10 and a twelve month high of $5.75. The company has a market capitalization of $69.44 million, a P/E ratio of -0.39 and a beta of 1.82.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TPIC shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of TPI Composites in a research report on Thursday, December 12th. Bank of America reduced their price target on TPI Composites from $7.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $2.00 price target (down previously from $4.00) on shares of TPI Composites in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.58.

About TPI Composites

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.