TPI Composites (TPIC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - TPI Composites reported revenue of $346.51 million for the quarter ended December 2024, reflecting a year-over-year increase of 16.7% [1] - The company's EPS was -$ 0.81, a decline from $0.27 in the same quarter last year, indicating a significant drop in profitability [1] - Revenue fell short of the Zacks Consensus Estimate of$ 368.13 million, resulting in a surprise of -5.88% [1] - The EPS also missed the consensus estimate of - $0.39, with a surprise of -107.69% [1] Financial Performance Metrics - Estimated megawatts produced were 2,516, slightly below the average estimate of 2,588 from two analysts [4] - The number of sets produced was 613, compared to the average estimate of 636 [4] - Utilization rate was reported at 91%, close to the average estimate of 91.8% [4] - The number of manufacturing lines installed was 34, matching the average estimate [4] - Net sales from field service, inspection, and repair services were$ 10.50 million, below the average estimate of $10.73 million, representing a year-over-year decline of 16.6% [4] - Net sales from wind blade, tooling, and other wind-related services were$ 336.01 million, compared to the average estimate of $352.59 million, showing a year-over-year increase of 19.3% [4] Stock Performance - TPI Composites' shares have returned -9.6% over the past month, contrasting with the Zacks S&P 500 composite's increase of +2.6% [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]