TPI Composites Full Year 2022 Earnings: Misses Expectations
TPI Composites (NASDAQ:TPIC) Full Year 2022 Results
Key Financial Results
Revenue: US$1.52b (up 3.4% from FY 2021).
Net loss: US$114.5m (loss narrowed by 29% from FY 2021).
US$2.73 loss per share (improved from US$4.33 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TPI Composites Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's shares are up 11% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for TPI Composites you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
