TPI Composites, Inc. (NASDAQ:TPIC) manufacturer of composite wind blades, is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.21 per share.
For the full year, analysts predict revenues of $ 1581.39 million, while looking forward to loss of $ 1.24 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,550.00 million ~ $ 1,650.00 million
Click Here For More Historical Outlooks Of TPI Composites, Inc.
Previous Quarter Performance
TPI Composites, Inc. unwinded loss for the second quarter of $ 1.87 per share, from the revenue of $ 373.82 million. The quarterly revenues grew 13.02 percent compared with the same quarter last year. According to street consensus, TPIC was expected to report 2Q20 loss of $ 0.22 per share from revenue of $ 303.58 million. The top line results outshined analysts by $ 70.24 million or 23.14 percent.
Stock Performance
Shares of TPI Composites, Inc. traded low $ -1.40 or -4.01 percent on Wednesday, reaching $ 33.47 with volume of 961.10 thousand shares. TPI Composites, Inc. has traded high as $ 34.36 and has cracked $ 31.95 on the downward trend
The closing price of $ 33.47, representing a 279.43 % increase from the 52 week low of $ 9.19 and a 4.7 % decrease over the 52 week high of $ 36.59.
The company has a market capital of $ 1.18 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by Raymond James at Strong Buy rating, with $ 37.00 target price.
Conference Call
TPI Composites, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tpicomposites.com
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry.
