Teradata Sees Q4 EPS $0.50-$0.54 Vs $0.47 Est.; Raises FY23 EPS Guidance From $1.92-$2.04 To $2.01-$2.05 Vs $1.97 Est.; Total Revenue Growth Of 1%-4% YoY
Portfolio Pulse from Benzinga Newsdesk
Teradata has updated its Q4 2023 and FY23 EPS guidance. For Q4, it expects non-GAAP diluted EPS to be in the range of $0.50 to $0.54, up from the estimated $0.47. For FY23, it has raised its non-GAAP diluted EPS guidance from $1.92-$2.04 to $2.01-$2.05, against an estimate of $1.97. The company also expects total revenue growth of 1%-4% YoY.
November 06, 2023 | 10:19 pm
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POSITIVE IMPACT
Teradata has raised its Q4 and FY23 EPS guidance, which could positively impact its stock price. The company's expected total revenue growth of 1%-4% YoY also indicates a positive outlook.
Teradata's raised EPS guidance for Q4 and FY23 suggests that the company is expecting better-than-anticipated earnings. This could lead to increased investor confidence and a potential rise in the stock price. The expected total revenue growth of 1%-4% YoY further supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100