Tidewater Q2 Adj EPS $0.46 Misses $0.74 Estimate, Sales $214.96M Miss $220.45M Estimate
Portfolio Pulse from sunil@benzinga.com
Tidewater (NYSE:TDW) reported Q2 earnings of $0.46 per share, missing the analyst consensus estimate of $0.74 by 37.84%. The company also reported quarterly sales of $214.96 million, missing the analyst consensus estimate of $220.45 million by 2.49%. Despite the misses, this represents a 560% increase in earnings and a 31.52% increase in sales compared to the same period last year.
August 07, 2023 | 8:51 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Tidewater's Q2 earnings and sales missed estimates, but showed significant YoY growth. This could lead to mixed reactions in the market.
Tidewater's Q2 results missed analyst estimates, which could negatively impact the stock. However, the significant YoY growth in earnings and sales could be seen as a positive sign, potentially offsetting the negative impact of the missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100