TPX Earnings

TPX reported its FY2024Q2 earnings on 2024-08-06, showcasing a revenue of 1.23B against an estimate of 1.28B, resulting in a -3.47% surprise. The EPS was 0.63, surpassing the expected 0.63 by 0%. The stock experienced a -0.76% price change on the earnings day and a 1.65% change over the next five days, reflecting market reactions to the results.

Following TPX's FY2024Q2 earnings announcement on 2024-08-06, the stock price moved by -0.76% on the day of the release. Over the subsequent five days, it saw a 1.65% change. Historically, TPX's stock price tends to shift by an average of -1.19% in the 10 days leading up to earnings and 2.71% in the 10 days following, providing insight into potential market.

For 2025/Q1, analysts estimate TPX's annual revenue to reach 1.23B, while the EPS is projected at 0.56. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between TPX's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2024 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, TPX's stock price typically moves by -1.19% in the 10 days before its earnings and 2.71% in the 10 days after. For the upcoming 2025/Q1 earnings, analysts expect an EPS of 0.56 and revenue of 1.23B.

The earnings call reveals a mix of positive financial performance with net sales, EBITDA, and EPS growth. The increase in quarterly dividends and strong free cash flow are positive signals. However, competitive pressures and operational risks are noted. The Q&A highlights management's optimism about market recovery and growth, particularly in international markets, despite some vagueness in responses. The overall sentiment is positive, with strong financial metrics and optimistic guidance outweighing concerns, likely leading to a positive stock price movement in the short term.