Tidewater Earnings: Here’s Why Investors are Not Happy Now
Tidewater Inc. (NYSE:TDW) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 8.37%.
Tidewater Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.25% to $0.68 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 11.69% to $328.87 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tidewater Inc. reported adjusted EPS income of $0.68 per share. By that measure, the company missed the mean analyst estimate of $0.76. It missed the average revenue estimate of $333.33 million.
Key Stats (on next page)…
Revenue increased 0.16% from $328.33 million in the previous quarter. EPS decreased 23.6% from $0.89 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.04 to a profit $1.01. For the current year, the average estimate has moved up from a profit of $4.18 to a profit of $4.26 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)