Tetra Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

• Tetra Technologies Inc TTI.N reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of four analysts for the quarter was for earnings of 7 cents per share. 7 cents per share.

• Revenue rose 1.1% to $173.87 million from a year ago; analysts expected $172.46 million.

• Tetra Technologies Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $11.31 million.

• Tetra Technologies Inc shares had risen by 11.9% this quarter and gained 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 34.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $5.50, about 30.5% above its last closing price of $3.82

This summary was machine generated from LSEG data July 29 at 09:44 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)