Teradata Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Teradata Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
It's been a mediocre week for Teradata Corporation (NYSE:TDC) shareholders, with the stock dropping 20% to US$25.12 in the week since its latest quarterly results. Revenues of US$436m fell slightly short of expectations, but earnings were a definite bright spot, with statutory per-share profits of US$0.38 an impressive 119% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
對於Teradata Corporation (NYSE:TDC)的股東來說,本週表現一般,股票在最新季度業績公佈後的一週內下跌了20%,至25.12美元。營業收入爲43600萬美元,略低於預期,但盈利表現卻變得亮眼,每股收益爲0.38美元,比預期高119%。分析師通常會在每個季度業績公佈後更新他們的預測,在他們的估計中,我們可以判斷他們對公司的觀點是否發生了變化,或者是否存在任何新的問題需要關注。我們已經整理了最近的法定預測,看看分析師在這些業績後是否有變化。
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Following the recent earnings report, the consensus from ten analysts covering Teradata is for revenues of US$1.75b in 2024. This implies a measurable 2.7% decline in revenue compared to the last 12 months. Per-share earnings are expected to bounce 52% to US$0.98. Before this earnings report, the analysts had been forecasting revenues of US$1.81b and earnings per share (EPS) of US$0.95 in 2024. If anything, the analysts look to have become slightly more optimistic overall; while they decreased their revenue forecasts, EPS predictions increased and ultimately earnings are more important.
在最近公佈的季度業績後,涵蓋Teradata的十位分析師的共識預測其2024年的營業收入爲1.75億美元。這意味着與過去12個月相比,收入將下降2.7%。每股收益預計將上升52%,至0.98美元。在此業績公佈前,分析師們曾預測Teradata在2024年的營收爲18.1億美元,每股收益(EPS)爲0.95美元。如果有任何變化,那麼分析師們整體上的看法似乎略有樂觀;雖然他們減少了營收的預測,但每股收益的預測則增加了,而最終的盈利才是更重要的。
The consensus price target fell 22% to US$34.10, with the analysts signalling that the weaker revenue outlook was a more powerful indicator than the upgraded EPS forecasts. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Teradata analyst has a price target of US$50.00 per share, while the most pessimistic values it at US$24.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
共識價格目標下降22%,至34.10美元,分析師們認爲營收前景的疲軟是一個比升級後的EPS預測更強有力的指標。另外,評估分析師預測範圍也可以提供指導,以評估極端意見與平均值的差異。最樂觀的Teradata分析師的股票價格目標爲50.00美元,而最悲觀的股票價格目標爲24.00美元。這是相當廣泛的估計範圍,表明分析師們正在預測業務的各種可能結果。
Of course, another way to look at these forecasts is to place them into context against the industry itself. One more thing stood out to us about these estimates, and it's the idea that Teradata's decline is expected to accelerate, with revenues forecast to fall at an annualised rate of 5.4% to the end of 2024. This tops off a historical decline of 1.7% a year over the past five years. Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to grow 12% annually. So it's pretty clear that, while it does have declining revenues, the analysts also expect Teradata to suffer worse than the wider industry.
當然,看待這些預測的另一種方法是將它們放入與行業本身的比較中。我們還注意到這些估計中的一件事,那就是Teradata的下降預計將加速,預計到2024年年底,營業收入將以5.4%的年化率下降。過去五年的年度下降率爲1.7%。將這與更廣泛的行業中公司的分析師預測進行比較,這些預測表明營業收入(總計)每年預計將增長12%。因此,我們可以很清楚地看到,儘管它的營收正在下降,分析師也預計Teradata的表現將比整個行業更糟糕。
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 takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Teradata's earnings potential next year. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. Yet - earnings are more important to the intrinsic value of the business. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
對我們來說,最重要的是共識每股收益預期的升級,顯示了Teradata明年收益潛力的明顯改善。不幸的是,他們也下調了營收預測,我們的數據表明,相較於更廣泛的行業,其表現略顯疲軟。即便如此,每股收益仍然是業務內在價值更爲重要的因素。此外,分析師們還降低了其價格目標,表明最新消息導致人們對業務內在價值的看法更加悲觀。
With that in mind, we wouldn't be too quick to come to a conclusion on Teradata. Long-term earnings power is much more important than next year's profits. We have forecasts for Teradata going out to 2026, and you can see them free on our platform here.
考慮到這一點,我們不應該太快地得出Teradata的結論。長期的利潤能力比明年的利潤更爲重要。我們對Teradata的預測延伸到2026年,您可以在此免費查看這些預測。
Even so, be aware that Teradata is showing 2 warning signs in our investment analysis , you should know about...
即便如此,我們的投資分析表明Teradata出現了2個警示信號,您應該了解一下...
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