Tidewater Inc reports results for the quarter ended March 31 - Earnings Summary

• Tidewater Inc TDW.N reported quarterly adjusted earnings of 83 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 89 cents. The mean expectation of seven analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 43 cents to 96 cents per share.

• Revenue rose 3.8% to $333.44 million from a year ago; analysts expected $323.60 million.

• Tidewater Inc's reported EPS for the quarter was 83 cents​.

• The company reported quarterly net income of $42.65 million.

• Tidewater Inc shares had fallen by 8.9% this quarter and lost 29.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.2% 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," 1 "hold" and 1 "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 $66.00

This summary was machine generated from LSEG data May 5 at 10:38 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)