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

In its upcoming report, TPI Composites (TPIC) is predicted by Wall Street analysts to post quarterly loss of $0.50 per share, reflecting an increase of 61.8% compared to the same period last year. Revenues are forecasted to be $328.93 million, representing a year-over-year increase of 10%.The consensus EPS estimate for the quarter has undergone an upward revision of 1.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.With that in mind, let's delve into the average projections of some TPI Composites metrics that are commonly tracked and projected by analysts on Wall Street.Analysts predict that the 'Net Sales- Wind blade, tooling and other wind related' will reach $299.54 million. The estimate suggests a change of +3.7% year over year.Analysts forecast 'Net Sales- Field service, inspection and repair services' to reach $10.67 million. The estimate indicates a year-over-year change of +107.6%.The consensus among analysts is that 'Net Sales- Wind blade, tooling and other wind related' will reach $299.54 million. The estimate indicates a year-over-year change of +3.7%.The consensus estimate for 'Net Sales- Field service, inspection and repair services' stands at $10.67 million. The estimate indicates a year-over-year change of +107.6%.View all Key Company Metrics for TPI Composites here>>>Shares of TPI Composites have demonstrated returns of +20.3% over the past month compared to the Zacks S&P 500 composite's +11.3% change. With a Zacks Rank #4 (Sell), TPIC is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TPI Composites, Inc. (TPIC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks