TDW Earnings Prediction
The chart below shows how TDW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TDW sees a -1.33% change in stock price 10 days leading up to the earnings, and a +0.15% change 10 days following the report. On the earnings day itself, the stock moves by +0.71%. This data can give you a slight idea of what to expect for the next quarter's release.
TDW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
340.36M
13.73%
0.33%
Gross Margin
28.90%
14.09%
-4.30%
Operating Margin
20.54%
12.12%
-8.47%
Net Margin
13.51%
58.20%
-8.16%
EPS
0.87
77.55%
-7.45%
No Data Available
TDW Earnings Analysis
Tidewater, Inc. Corporation (TDW.N) Earnings Conference Call
Positive
Free Cash Flow Surge: 1. Significant Free Cash Flow Generation: Tidewater generated $67 million in free cash flow in Q3 2024, bringing the year-to-date total to nearly $224 million, which is $174 million more than the same period last year.
Average Day Rate Increase: 2. Improvement in Average Day Rates: Average day rates increased by 5.4% from $21,130 per day in Q2 to $22,275 per day in Q3, contributing to a revenue increase of $1.2 million quarter-over-quarter.
Gross Margin Performance: 3. Strong Gross Margin: The gross margin for Q3 2024 was reported at 47.2%, demonstrating a solid performance despite slight fluctuations in utilization.
Share Repurchase Highlights: 4. Robust Share Repurchase Program: Tidewater repurchased approximately $15 million of shares in Q3, bringing the total year-to-date repurchases to about $48 million, with a total of nearly $83 million since the inception of the buyback program.
Revenue Guidance Update: 5. Positive Revenue Guidance: The company updated its full-year revenue guidance to between $1.33 billion and $1.35 billion, indicating confidence in continued financial performance despite market fluctuations.
Negative
Utilization Decline Analysis: 1. Declining Utilization: Active utilization decreased from 80.7% in Q2 to 76.2% in Q3, primarily due to increased idle days and higher drydock days.
Rising Vessel Operating Costs: 2. Increased Operating Costs: Vessel operating costs rose by $2.2 million in Q3 compared to Q2, driven by higher repair costs and increased fuel expenses related to additional idle days.
Decline in Free Cash Flow: 3. Lower Free Cash Flow: Free cash flow decreased to $67 million in Q3 from $87.6 million in Q2, primarily due to a significant increase in working capital, particularly in accounts receivable.
Gross Margin Decline: 4. Decreased Gross Margin: Gross margin fell to $160.8 million in Q3 from $161.9 million in Q2, reflecting the impact of increased idle and drydock days on overall profitability.
Revenue Guidance Adjustment: 5. Reduced Revenue Guidance: The company anticipates fourth quarter revenue to be flat compared to Q3, with expectations of lower utilization and increased idle time affecting overall performance.
TDW FAQs
How does TDW typically perform around its earnings report dates?
Is Tidewater Inc. (TDW) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
TDW Earning Call Sentiment
Tidewater Inc. (TDW) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
TDW.N
-5.15%Positive
The earnings call highlights a mixed financial performance with slight revenue growth but declining margins and free cash flow. The shareholder return plan is positive due to share repurchases, but the lowered revenue guidance and higher costs are concerning. The Q&A section reveals uncertainties in future guidance and market conditions, which tempers optimism. Overall, the market cap suggests moderate volatility, leading to a neutral stock price prediction.