Tidewater Q1 EPS $0.89 Beats $0.62 Estimate, Sales $321.16M Beat $312.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tidewater (NYSE:TDW) reported Q1 earnings of $0.89 per share, surpassing the consensus estimate of $0.62 by 43.55%, and a 286.96% increase from last year's $0.23. Sales reached $321.16M, beating estimates of $312.09M by 2.91%, marking a 66.32% increase from the previous year.
May 02, 2024 | 9:20 pm
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Tidewater's Q1 earnings significantly exceeded analyst expectations, with EPS of $0.89 against a $0.62 estimate and sales of $321.16M surpassing the $312.09M forecast.
Tidewater's substantial beat on both earnings per share and sales estimates, with significant year-over-year growth, suggests a strong operational performance and positive market reception. This outperformance, especially in a quarterly report, is likely to instill investor confidence and could lead to a short-term uptick in TDW's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100