Earnings Preview: TPI Composites
Portfolio Pulse from Benzinga Insights
TPI Composites (NASDAQ:TPIC) is scheduled to release its quarterly earnings report on February 22, 2024, with an expected EPS of $-0.88. Historical data shows significant stock price movements following earnings announcements, with a notable 15.62% drop after last quarter's miss. Over the past year, TPIC shares have declined by 81.39%, indicating potential concern among long-term investors ahead of this earnings release.
February 21, 2024 | 5:01 pm
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TPI Composites is expected to report an EPS of $-0.88 for the upcoming earnings, with historical performance showing significant stock price volatility post-earnings. The stock has experienced an 81.39% decline over the past year, indicating potential investor concern.
Given TPIC's history of significant stock price movements following earnings reports, especially after last quarter's 15.62% drop, and the overall 81.39% decline in the past year, it's likely that the upcoming earnings report could lead to further downward pressure on the stock price. The expected EPS of $-0.88, if not met or exceeded, could exacerbate investor concerns, particularly if the company fails to provide positive guidance for future growth.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100