Recap: Tidewater Q4 Earnings
Portfolio Pulse from Benzinga Insights
Tidewater (NYSE:TDW) reported Q4 earnings with an EPS of $0.7, missing estimates by -11.0% against an expected $0.79. Revenue increased by $115.91 million from the same period last year. The company had previously missed EPS estimates last quarter, resulting in a 12.0% share price drop the following day.
February 29, 2024 | 9:40 pm
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Tidewater reported a Q4 EPS of $0.7, missing the estimated $0.79 by -11.0%, with a significant year-over-year revenue increase.
Tidewater's miss on the estimated EPS by -11.0% is likely to negatively impact investor sentiment in the short term, especially considering the historical context where a previous earnings miss led to a 12.0% drop in share price the following day. However, the significant increase in revenue year-over-year may provide some buffer against a steep decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100