Teradata Sees Q2 Adj. EPS $0.46-$0.50 vs $0.50 Est., Retains FY24 Adj. EPS Guidance Range $2.15-$2.31 vs $2.20 Est.
Portfolio Pulse from Benzinga Newsdesk
Teradata has updated its Q2 adjusted EPS forecast to $0.46-$0.50, compared to the estimated $0.50, but has maintained its full-year 2024 adjusted EPS guidance range of $2.15-$2.31, aligning closely with the $2.20 estimate.
May 06, 2024 | 8:29 pm
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Teradata's Q2 adjusted EPS forecast has been revised to $0.46-$0.50, below the expected $0.50, yet the FY24 EPS guidance remains unchanged at $2.15-$2.31, close to the $2.20 estimate.
The slight downward adjustment in Teradata's Q2 EPS forecast might concern investors, potentially putting short-term pressure on the stock. However, the retention of the FY24 EPS guidance, which is in line with estimates, suggests a stable long-term outlook. This mixed signal could lead to a neutral short-term impact on the stock price, as the market digests both the short-term miss and the reaffirmed confidence in the company's full-year performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100