Tidewater Earnings: Your Sneak Peek to the Big Announcement

Tidewater (NYSE:TDW) will report earnings before markets open on Tuesday, May 21st. Tidewater Inc. provides offshore supply vessels and marine support services to the offshore energy exploration, development, and production industry. The Company tows and anchor-handles mobile drilling rigs and equipment, transports supplies and personnel, and supports pipelaying and other offshore construction activities.

Here is your Cheat Sheet to Tidewater Earnings:

Earnings Expectations: Analysts expect earnings of $0.61 per share on revenues of $317.74 million. Currently, the company’s P/E ratio stands at 20.59.

Analyst Trends:

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 $0.88 to a profit $0.87. For the current year, the average estimate is a profit of $2.78, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Tidewater has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,270 1,391 1,169 1,055 1,067
Diluted EPS ($) 6.39 7.89 5.02 2.05 1.70

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 272.11 289.40 294.45 311.92 309.47
Diluted EPS ($) 0.67 0.6557 0.65 0.83 0.61

Past Performance:
Tidewater has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)