Tetra Technologies Inc reports results for the quarter ended in December - Earnings Summary

Tetra Technologies

28/02/2024 06:35

* Tetra Technologies Inc  TTI.N  reported quarterly adjusted
earnings of 3 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 2 cents.  The mean expectation of
five analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 5 cents to 8
cents per share.
    * Revenue rose 3.9% to $153.13 million from a year ago;
analysts
expected $150.05 million. 
    * Tetra Technologies Inc's reported EPS for the quarter was
a loss
of 3 cents​.
    * The company reported a quarterly loss of $3.89 million.
    * Tetra Technologies Inc shares had fallen by 14.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $7.50 
This summary was machine generated from LSEG data February 28 at
06:35 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
 Dec. 31 2023      0.06           0.03           Missed
 Sep. 30 2023      0.09           0.07           Missed
 Jun. 30 2023      0.09           0.13           Beat
 Mar. 31 2023      0.05           0.03           Missed