Teradata Corporation's stock surged 17.52% in pre-market trading on Wednesday, following the company's release of better-than-expected fourth-quarter financial results and optimistic forward-looking guidance.
The significant pre-market gain was driven by Teradata reporting Q4 non-GAAP earnings of $0.74 per diluted share, substantially beating the analyst consensus estimate of $0.56. Quarterly revenue reached $421 million, also exceeding expectations of approximately $400.5 million. The company provided upbeat guidance for Q1 2026 with projected non-GAAP EPS of $0.75 to $0.79, above analyst expectations of $0.69, and maintained strong full-year 2026 projections.
Multiple financial institutions responded positively to the earnings report, with Citizens raising their price target on Teradata to $49 from $42 while maintaining an Outperform rating, and Barclays increasing their target price to $31 from $27. The strong earnings performance and positive analyst reactions contributed to the substantial pre-market rally.
Comments