Teradata Stock Tumbles After Earnings: What's Going On?
Portfolio Pulse from Erica Kollmann
Teradata Corporation (NYSE:TDC) shares fell after issuing Q1 and FY 2024 guidance below estimates, despite beating Q4 earnings and sales estimates. RBC Capital lowered its price target, while JMP Securities maintained a positive outlook.
February 13, 2024 | 4:46 pm
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Teradata's stock tumbled after providing lower-than-expected guidance for Q1 and FY 2024, despite outperforming in Q4 earnings and sales.
The negative short-term impact on TDC's stock price is primarily due to the company's guidance for Q1 and FY 2024 being below market expectations, overshadowing its Q4 performance. Analyst reactions further influence investor sentiment, with RBC Capital's lowered price target contributing to bearish views, while JMP Securities' maintained positive outlook provides some counterbalance.
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