Teradata Corporation (NYSE:TDC) Just Reported Earnings, And Analysts Cut Their Target Price
Teradata Corporation (NYSE:TDC) Just Reported Earnings, And Analysts Cut Their Target Price
There's been a notable change in appetite for Teradata Corporation (NYSE:TDC) shares in the week since its yearly report, with the stock down 20% to US$38.82. Teradata reported US$1.8b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$0.61 beat expectations, being 2.7% higher than what the analysts expected. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
自發布年度報告以來,本週對Teradata公司(紐約證券交易所代碼:TDC)股票的需求發生了顯著變化,該股下跌了20%,至38.82美元。Teradata公佈的收入爲18億美元,與分析師的預測大致一致,儘管法定每股收益(EPS)爲0.61美元,超出預期,比分析師的預期高出2.7%。分析師通常會在每份收益報告中更新他們的預測,我們可以從他們的估計中判斷他們對公司的看法是否發生了變化,或者是否有任何新的問題需要注意。因此,我們收集了最新的業績後預測,以了解估計對明年的預測。
Taking into account the latest results, Teradata's ten analysts currently expect revenues in 2024 to be US$1.84b, approximately in line with the last 12 months. Per-share earnings are expected to soar 84% to US$1.16. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$1.91b and earnings per share (EPS) of US$1.28 in 2024. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the small dip in earnings per share expectations.
考慮到最新業績,Teradata的十位分析師目前預計2024年的收入爲18.4億美元,與過去12個月大致持平。每股收益預計將飆升84%,至1.16美元。然而,在最新業績公佈之前,分析師曾預計2024年收入爲19.1億美元,每股收益(EPS)爲1.28美元。鑑於收入預測下降和每股收益預期小幅下降,分析師不如公佈業績之前那麼樂觀。
The consensus price target fell 12% to US$54.49, with the weaker earnings outlook clearly leading valuation estimates. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Teradata at US$72.00 per share, while the most bearish prices it at US$43.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
共識目標股價下跌12%,至54.49美元,盈利前景疲軟顯然領先於估值預期。研究分析師的估計範圍,評估異常值與平均值的差異程度也可能很有啓發性。目前,最看漲的分析師對Teradata的估值爲每股72.00美元,而最看跌的分析師估值爲43.00美元。對該股肯定有一些不同的看法,但在我們看來,估計範圍還不夠廣,不足以暗示情況不可預測。
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's also worth noting that the years of declining revenue look to have come to an end, with the forecast stauing flat to the end of 2024. Historically, Teradata's top line has shrunk approximately 2.7% annually over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 13% per year. So it's pretty clear that, although revenues are improving, Teradata is still expected to grow slower than the industry.
當然,看待這些預測的另一種方法是將它們與行業本身聯繫起來。還值得注意的是,多年的收入下降似乎已經結束,到2024年底,預測將保持不變。從歷史上看,Teradata的收入在過去五年中每年萎縮約2.7%。相比之下,我們的數據表明,預計類似行業的其他公司(有分析師報道)的收入每年將增長13%。因此,很明顯,儘管收入有所改善,但預計Teradata的增長速度仍將低於該行業。
The Bottom Line
底線
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Teradata. 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. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Teradata's future valuation.
最大的擔憂是,分析師下調了每股收益預期,這表明Teradata可能會面臨業務不利因素。不幸的是,他們還下調了收入預期,我們的數據顯示,與整個行業相比,表現不佳。即便如此,每股收益對業務的內在價值更爲重要。共識目標股價大幅下降,分析師似乎沒有對最新結果感到放心,這導致對Teradata未來估值的估計降低。
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 estimates - from multiple Teradata analysts - going out to 2026, and you can see them free on our platform here.
考慮到這一點,我們不會很快就Teradata得出結論。長期盈利能力比明年的利潤重要得多。根據多位Teradata分析師的估計,到2026年,你可以在我們的平台上免費查看。
You can also see whether Teradata is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.
您還可以在我們的平台上免費查看Teradata是否揹負了過多的債務,以及其資產負債表是否健康。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。