Ahead of TPI Composites (TPIC) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Insights - TPI Composites (TPIC) is expected to report a quarterly loss of $0.50 per share, a 61.8% increase in losses compared to the same period last year, with revenues projected at$ 328.93 million, reflecting a 10% year-over-year increase [1] Earnings Projections - The consensus EPS estimate for the quarter has been revised upward by 1.5% in the last 30 days, indicating a reassessment of initial estimates by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts predict 'Net Sales- Wind blade, tooling and other wind related' to reach $299.54 million, representing a year-over-year increase of 3.7% [5] - 'Net Sales- Field service, inspection and repair services' is forecasted to be$ 10.67 million, indicating a significant year-over-year increase of 107.6% [5][6] Market Performance - TPI Composites shares have shown a return of 20.3% over the past month, outperforming the Zacks S&P 500 composite, which increased by 11.3% [6] - Despite recent performance, TPI Composites holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the near future [6]