TPI Composites (NASDAQ: TPIC) recently reported its Q4 earnings results, and the numbers were not as positive as investors had hoped. The company missed estimated earnings by a significant margin, reporting an EPS of $-1.63 compared to an estimate of $-0.88. Additionally, revenue was down $105.29 million from the same period last year.
This disappointing performance follows a trend for TPI Composites, as the company also missed on EPS in the previous quarter, leading to a 15.62% drop in the share price the next day. Looking back at the past few quarters, it is clear that TPI Composites has struggled to meet earnings expectations consistently.
Here is a summary of TPI Composites’ past earnings performance:
– Q3 2023: EPS Estimate -0.58, EPS Actual -1.71, Revenue Estimate 381.99M, Revenue Actual 372.86M
– Q2 2023: EPS Estimate -1.01, EPS Actual -1.90, Revenue Estimate 389.53M, Revenue Actual 381.27M
– Q1 2023: EPS Estimate -0.38, EPS Actual -0.88, Revenue Estimate 378.44M, Revenue Actual 404.07M
– Q4 2022: EPS Estimate -0.69, EPS Actual -1.38, Revenue Estimate 440.33M, Revenue Actual 402.28M
The consistent underperformance in earnings and revenue compared to estimates is concerning for investors, and it will be important to monitor TPI Composites closely in the coming quarters to see if the company can turn things around.
For more information on TPI Composites’ earnings releases and upcoming events, investors can visit the company’s earnings calendar on Benzinga’s website. This article was generated by Benzinga’s automated content engine and reviewed by an editor.
In conclusion, TPI Composites’ Q4 earnings results were disappointing, with the company missing on both earnings and revenue estimates. Investors will be watching closely to see if the company can improve its performance in the future.
