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

Tetra Technologies

01/08/2024 21:57

* Tetra Technologies Inc  TTI.N  reported quarterly adjusted
earnings of 7 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 13 cents.  The mean expectation of six analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from 7 cents to 12 cents per share.
    * Revenue fell 2% to $171.94 million from a year ago;
analysts
expected $181.48 million. 
    * Tetra Technologies Inc's reported EPS for the quarter was
6
cents​.
    * The company reported quarterly net income of $7.64
million.
    * Tetra Technologies Inc shares had risen by 7.8% this
quarter and
lost 17.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.7%
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 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 $7.50 
This summary was machine generated from LSEG data August 1 at
08:57 p.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
 Jun. 30 2024      0.10           0.07           Missed
 Mar. 31 2024      0.03           0.05           Beat
 Dec. 31 2023      0.06           0.03           Missed
 Sep. 30 2023      0.09           0.07           Missed