* Tidewater Inc reported quarterly adjusted earnings of 87 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of five analysts for the quarter was for earnings of $1.09 per share. Wall Street expected results to range from 79 cents to $1.29 per share.
* Revenue rose 13.7% to $340.36 million from a year ago; analysts expected $345.55 million.
* Tidewater Inc's reported EPS for the quarter was 87 cents.
* The company reported quarterly net income of $46.37 million.
* Tidewater Inc shares had fallen by 9.2% this quarter and lost 9.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 13% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "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 Tidewater Inc is 121.50 This summary was machine generated from LSEG data November 8 at 04:11 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 1.09 0.87 Missed
Jun. 30 2024 0.91 0.94 Beat
Mar. 31 2024 0.62 0.89 Beat
Dec. 31 2023 0.79 0.70 Missed
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