TPI Composites Q2 2024 GAAP EPS $(1.30) Misses $(0.64) Estimate, Sales $309.817M Miss $312.945M Estimate
Portfolio Pulse from Benzinga Newsdesk
TPI Composites (NASDAQ:TPIC) reported Q2 2024 GAAP EPS of $(1.30), missing the $(0.64) estimate by 103.13%. Sales were $309.817M, missing the $312.945M estimate by 1.00%. Compared to last year, EPS improved by 25.71%, but sales decreased by 17.17%.
August 08, 2024 | 8:57 pm
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NEGATIVE IMPACT
TPI Composites reported a significant miss on both EPS and sales estimates for Q2 2024. Despite an improvement in EPS compared to last year, the sales decline and the large miss on EPS are likely to negatively impact the stock price in the short term.
The significant miss on EPS and sales estimates, despite an improvement in EPS compared to last year, indicates potential operational challenges. This is likely to result in negative investor sentiment and short-term stock price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100