TPI Composites, Inc. TPIC is a manufacturer and seller of composite wind blades and related precision molding and assembly systems that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TPIC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that TPI Composites could be a solid choice for investors.
Current Quarter Estimates for TPIC
In the past 30 days, 1 estimate has gone higher for TPI Composites while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from a loss of a penny a share 30 days ago, to a penny per share today, a significant move.
Current Year Estimates for TPIC
Meanwhile, TPI Composites’ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rising from 58 cents per share 30 days ago to 64 cents per share today, an increase of 10.3%.
TPI Composites, Inc. Price and Consensus
The stock has also started to move higher lately, adding 16.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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