Tidewater Q4 EPS $0.70 Misses $0.79 Estimate, Sales $302.66M Miss $309.17M Estimate
Portfolio Pulse from Happy Mohamed
Tidewater (NYSE:TDW) reported Q4 earnings of $0.70 per share, missing the consensus estimate of $0.79, and sales of $302.66M, missing the estimate of $309.17M. Despite the misses, earnings and sales increased significantly from the same period last year.
February 29, 2024 | 9:41 pm
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NEUTRAL IMPACT
Tidewater's Q4 earnings and sales missed estimates but showed significant year-over-year growth.
While Tidewater missed analyst estimates for both earnings per share and sales, the substantial year-over-year growth in these metrics may mitigate negative investor sentiment. The misses were relatively narrow, and the strong growth rates could be seen as positive indicators for the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100