* Tetra Technologies Inc reported quarterly adjusted earnings of 3 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of six analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 2 cents to 7 cents per share.
* Revenue fell 6.4% to $141.70 million from a year ago; analysts expected $148.42 million.
* Tetra Technologies Inc's reported EPS for the quarter was a loss of 2 cents.
* The company reported a quarterly loss of $3 million.
* Tetra Technologies Inc shares had risen by 2.3% this quarter and lost 29.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 48.6% in the last three months.
* In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil related services and equipment peer group is also "buy"
Wall Street's median 12-month price target for Tetra Technologies Inc is 7.00 This summary was machine generated from LSEG data October 30 at 02:52 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.04 0.03 Missed
Jun. 30 2024 0.10 0.07 Missed
Mar. 31 2024 0.03 0.05 Beat
Dec. 31 2023 0.06 0.03 Missed
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