Teradata Analysts Cut Their Forecasts After Q4 Results
Portfolio Pulse from Avi Kapoor
Teradata Corporation (NYSE:TDC) reported Q4 earnings of 56 cents per share, surpassing the consensus estimate of 51 cents, and a 60% increase from the previous year. Quarterly sales were $457 million, slightly above estimates. Despite the positive results, Teradata issued weak earnings guidance for Q1 and FY 2024, leading to a 23.8% drop in its share price. Following the report, RBC Capital, B of A Securities, and Morgan Stanley adjusted their price targets and ratings for Teradata.
February 13, 2024 | 4:32 pm
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Teradata reported better-than-expected Q4 results but issued weak guidance for Q1 and FY 2024, causing a significant drop in its share price. Analysts have adjusted their price targets and ratings.
The negative impact on Teradata's stock price is directly related to the company's weak earnings guidance for the upcoming periods, which has led to a loss of investor confidence and prompted analysts to lower their price targets and ratings.
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