TETRA Technologies, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
TETRA Technologies, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
As you might know, TETRA Technologies, Inc. (NYSE:TTI) last week released its latest quarterly, and things did not turn out so great for shareholders. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at US$172m, statutory earnings missed forecasts by an incredible 44%, coming in at just US$0.06 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on TETRA Technologies after the latest results.
如您所知,TETRA Technologies, Inc. (紐交所:TTI) 上週發佈了其最新季度報告,股東們確實沒能有所收穫。總體來說結果不太理想——營業收入略低於分析師估計的1.72億美元,法定收益率驚人地低於預測值44%,僅爲每股0.06美元。隨着這份報告,分析師們已經更新了他們的收益模型,並且了解公司前景是否發生了重大變化或業務是否如常可行。讀者會很高興地了解到,我們已聚合了最新的法定預測數據,以查看分析師在最新業績發佈後是否改變了對TETRA Technologies的看法。
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After the latest results, the four analysts covering TETRA Technologies are now predicting revenues of US$653.3m in 2024. If met, this would reflect a reasonable 4.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to surge 209% to US$0.23. Before this earnings report, the analysts had been forecasting revenues of US$667.5m and earnings per share (EPS) of US$0.27 in 2024. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.
在最新的結果發佈之後,覆蓋TETRA Technologies的四位分析師預測2024年的收益爲6,533萬美元。如果達成,這將反映出相較於過去12個月的營收有4.1%的合理提高。每股收益預計將激增209%至0.23美元。在此次業績發佈之前,分析師們此前一直預測2024年的營收爲6,675萬美元和每股收益爲0.27美元。從此我們可以看出,最新的業績公佈之後情緒肯定已經變得更爲看淡,導致營收預測更低和每股收益預期顯著下降。
Despite the cuts to forecast earnings, there was no real change to the US$7.42 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on TETRA Technologies, with the most bullish analyst valuing it at US$8.50 and the most bearish at US$6.00 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
儘管預測收益有所削減,但目標股價仍然沒有實質性的變化,這表明分析師們認爲這些變化並沒有對其內在價值產生實質性的影響。另外,了解一下分析師預測範圍也是有益的,以便評估離群意見與平均數之間的差異。對於TETRA Technologies存在一些不同意見,最看好的分析師認爲其價值爲每股8.5美元,看最看淡的則爲每股6.00美元。正如您所看到的,分析師並不都對該股的未來持相同意見,但預測範圍仍然間相對較窄,這可能意味着結果不是完全不可預測的
Of course, another way to look at these forecasts is to place them into context against the industry itself. One thing stands out from these estimates, which is that TETRA Technologies is forecast to grow faster in the future than it has in the past, with revenues expected to display 8.4% annualised growth until the end of 2024. If achieved, this would be a much better result than the 0.4% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 7.3% annually. So it looks like TETRA Technologies is expected to grow at about the same rate as the wider industry.
當然,觀察這些預測的另一種方法是將其與整個行業公司相比較。這些預測中有些東西值得注意,那就是TETRA Technologies未來預測的增長速度將比過去快,預計到2024年底,年化增長率將達到8.4%。如果實現這個目標,這將比過去五年的年度降幅0.4%更好。與整個行業的分析師預測相比較,預計(總體而言),行業收入將以7.3%的年均增長率增長。因此看起來TETRA和更廣泛的行業預期增長差不多。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for TETRA Technologies. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
最大的問題是分析師們降低了每股收益的預期,這意味着TETRA Technologies可能面臨業務領域的阻力。遺憾的是,他們還下調了收入預測,但該公司仍有望以與業內自身相當的速度增長。預測的共識價值沒有實質變化,這表明業務的內在價值並沒有在最新的預測中發生任何重大變化。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for TETRA Technologies going out to 2026, and you can see them free on our platform here.
記住,對於投資者來說,業務的長期趨勢是更爲重要的考慮因素。我們對TETRA Technologies的預測延伸到2026年,您可以在我們的平台上免費查看。
You still need to take note of risks, for example - TETRA Technologies has 3 warning signs (and 1 which is concerning) we think you should know about.
您仍然需要注意風險,例如——TETRA Technologies有3個警告信號(1個令人擔憂),我們認爲您應該知道。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。