TPI Composites (NASDAQ:TPIC) Posts Earnings Results, Misses Estimates By $0.66 EPS

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

TPI Composites Stock Performance

TPIC stock traded up $0.04 during mid-day trading on Thursday, hitting $1.46. The company had a trading volume of 867,525 shares, compared to its average volume of 925,661. The firm has a market cap of $69.44 million, a PE ratio of -0.39 and a beta of 1.82. TPI Composites has a 12 month low of $1.10 and a 12 month high of $5.75. The stock’s fifty day moving average price is $1.57 and its two-hundred day moving average price is $2.81.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TPIC. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of TPI Composites in a report on Thursday, December 12th. Morgan Stanley restated an “underweight” rating and set a $2.00 price target (down from $4.00) on shares of TPI Composites in a report on Friday, November 15th. Finally, Bank of America cut their price target on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.