Global wind blade manufacturer TPI Composites (NASDAQ: TPIC) will be announcing earnings results tomorrow afternoon. Here’s what you need to know.
TPI Composites missed analysts’ revenue expectations by 5% last quarter, reporting revenues of $346.5 million, up 16.7% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is TPI Composites a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting TPI Composites’s revenue to grow 5.2% year on year to $314.6 million, a reversal from the 26% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.57 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at TPI Composites’s peers in the renewable energy segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Generac delivered year-on-year revenue growth of 5.9%, beating analysts’ expectations by 2.3%, and Bloom Energy reported revenues up 38.6%, topping estimates by 11.9%. Generac’s stock price was unchanged after the results, while Bloom Energy was down 8.2%.
Read our full analysis of Generac’s results here and Bloom Energy’s results here.
There has been positive sentiment among investors in the renewable energy segment, with share prices up 15.1% on average over the last month. TPI Composites is up 34.6% during the same time and is heading into earnings with an average analyst price target of $3.14 (compared to the current share price of $0.92).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
