Cloud analytics platform Teradata (NYSE: TDC) will be reporting earnings this Tuesday afternoon. Here’s what to expect.
Teradata beat analysts’ revenue expectations last quarter, reporting revenues of $421 million, up 2.9% year on year. It was an exceptional quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
Is Teradata a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Teradata’s revenue to grow 2.7% year on year, a reversal from the 10.1% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Teradata has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Teradata’s peers in the data and analytics software segment, only Commvault has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 13.3%. The stock traded up 14.4% on the results.
Read our full analysis of Commvault’s earnings results here.There has been positive sentiment among investors in the data and analytics software segment, with share prices up 8.7% on average over the last month. Teradata is up 8.9% during the same time and is heading into earnings with an average analyst price target of $33.78 (compared to the current share price of $28.23).
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