After beating estimates last quarter by $0.07, Tidewater
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Tidewater, with six of eight rating it a buy and the remainder rating it a hold. Analysts like Tidewater better than competitor Bristow Group overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $253.7 million in revenue this quarter. That would represent a decline of 5% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.44 per share. Estimates range from $0.30 to $0.58.
What our community says:
CAPS All-Stars are solidly behind the stock with 98.7% giving it an outperform rating. The community at large agrees with the All-Stars with 96.9% awarding it a rating of outperform. Fools are gung-ho about Tidewater and haven't been shy with their opinions lately, logging 242 posts in the past 30 days. Even with a robust four out of five stars, Tidewater's CAPS rating falls a little short of the community's upbeat outlook.
Tidewater's income has fallen year over year by an average of 60% over the past five quarters. Revenue has fallen for the past three quarters.
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