Tidewater Q3 2024 EPS $0.49 Misses $1.26 Estimate, Sales $299.26M Beat $291.91M Estimate
Portfolio Pulse from vinayak@benzinga.com
Tidewater (NYSE:TDW) reported Q3 2024 earnings of $0.49 per share, missing the analyst consensus estimate of $1.26 by 61.11%. However, the company's quarterly sales of $299.26 million beat the estimate of $291.91 million by 2.52%. This represents a 133.33% increase in earnings and a 56.06% increase in sales compared to the same period last year.
November 06, 2023 | 9:34 pm
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Tidewater's Q3 2024 earnings missed estimates by 61.11% but sales beat estimates by 2.52%. This could lead to mixed market reactions.
Tidewater's earnings miss could negatively impact the stock as it indicates lower profitability than expected. However, the sales beat and YoY growth in both earnings and sales could offset this negative impact as they indicate strong operational performance and growth.
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IMPORTANCE 80
RELEVANCE 100