Investors are keenly eyeing Tidewater Inc (TDW, Financial) as it prepares to announce its first-quarter earnings on May 5. Here's what you need to know:
- Expected EPS is $0.60, reflecting a notable decrease of 32.6% from the prior year.
- Revenue is projected to see a modest increase of 1.6%, reaching $325.99 million.
- Despite downward revisions, analyst sentiment maintains a positive tilt with a 'Outperform' rating.
Tidewater's Earnings Outlook
Tidewater (TDW, Financial) is set to release its first-quarter earnings report on May 5. Current market expectations indicate an earnings per share (EPS) of $0.60, which signifies a significant decline of 32.6% compared to last year. In contrast, revenue is expected to experience a slight rise of 1.6%, reaching a total of $325.99 million. Notably, analysts have recently revised their estimates downward for both these key financial figures.
Wall Street Analysts' Forecast
The one-year price targets provided by 7 analysts present an optimistic scenario for Tidewater Inc (TDW, Financial). The average target price is set at $60.00, with estimates ranging from a high of $76.00 to a low of $25.00. This average target indicates a potential upside of 55.88% from the current stock price of $38.49. For a more comprehensive view of these estimates, investors can visit the Tidewater Inc (TDW) Forecast page.
Analyst Recommendations
Amidst recent downward revisions, the consensus recommendation from 8 brokerage firms positions Tidewater Inc (TDW, Financial) with an average brokerage recommendation of 2.0. This suggests an "Outperform" status, where the rating scale spans from 1, representing a Strong Buy, to 5, indicating a Sell.
Long-term Value Potential
According to GuruFocus estimates, the future GF Value for Tidewater Inc (TDW, Financial) is projected at $83.00 in a year, indicating a substantial upside potential of 115.64% from the current market price of $38.49. This GF Value is GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, past business growth, and anticipated future performance. For more detailed insights, investors can explore the Tidewater Inc (TDW) Summary page.
