TPI Composites: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
TPI Composites (NASDAQ:TPIC) reported Q4 earnings with an EPS of $-1.63, missing estimates by 85.23% and a significant revenue drop from the previous year. This follows a pattern of missed EPS estimates in previous quarters, with a notable share price drop after last quarter's earnings miss.
February 22, 2024 | 9:25 pm
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TPI Composites reported a significant miss in Q4 earnings and a substantial revenue drop, continuing a trend of underperformance.
Given the significant miss in earnings estimates and the continuation of a trend of underperformance, it's likely that investor confidence may be shaken, potentially leading to a short-term negative impact on TPIC's stock price. Historical data from the previous quarter shows a 15.62% drop in share price following earnings miss, suggesting a similar reaction could occur.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100