Tidewater Earnings: Everything You Must Know Now
Tidewater Inc. (NYSE:TDW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Tidewater Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 58.33% to $0.95 in the quarter versus EPS of $0.60 in the year-earlier quarter.
Revenue: Rose 13.44% to $328.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tidewater Inc. reported adjusted EPS income of $0.95 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $317.82 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue increased 6.08% from $309.47 million in the previous quarter. EPS increased 39.71% from $0.68 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.88 and has not changed. For the current year, the average estimate has moved up from a profit of $2.71 to a profit of $2.78 over the last ninety days.