TPI Composites Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
TPI Composites (NASDAQ:TPIC) Full Year 2023 Results
Key Financial Results
Revenue: US$1.46b (down 4.4% from FY 2022).
Net loss: US$196.5m (loss widened by 72% from FY 2022).
US$4.60 loss per share (further deteriorated from US$2.73 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TPI Composites EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's shares are up 1.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for TPI Composites that you need to take into consideration.
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