Q2 2024 EPS Estimates for Teradata Co. (NYSE:TDC) Lowered by Analyst

Teradata Co. (NYSE:TDC) – Equities research analysts at Zacks Research reduced their Q2 2024 earnings per share estimates for Teradata in a research report issued on Monday, May 20th. Zacks Research analyst A. Ganguly now expects that the technology company will post earnings per share of $0.23 for the quarter, down from their prior estimate of $0.26. The consensus estimate for Teradata’s current full-year earnings is $1.14 per share. Zacks Research also issued estimates for Teradata’s Q3 2024 earnings at $0.23 EPS, Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $1.09 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at $1.46 EPS, Q1 2026 earnings at $0.44 EPS and FY2026 earnings at $1.87 EPS.

Teradata (NYSE:TDC) last released its earnings results on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $461.93 million. Teradata had a return on equity of 70.34% and a net margin of 2.31%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS.

A number of other equities research analysts have also recently commented on TDC. Royal Bank of Canada lowered their price target on shares of Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 7th. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Evercore ISI decreased their price objective on Teradata from $58.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Barclays dropped their price objective on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. Finally, JMP Securities reduced their target price on shares of Teradata from $72.00 to $60.00 and set a “market outperform” rating for the company in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $49.90.

Teradata Stock Down 1.1 %

TDC opened at $32.65 on Wednesday. Teradata has a twelve month low of $31.61 and a twelve month high of $57.73. The company’s 50-day moving average price is $36.55 and its two-hundred day moving average price is $41.42. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 77.74, a PEG ratio of 2.26 and a beta of 0.95. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 9.83.

Insider Buying and Selling

In related news, insider Michael D. Hutchinson sold 18,500 shares of Teradata stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $32.96, for a total transaction of $609,760.00. Following the completion of the sale, the insider now owns 55,190 shares of the company’s stock, valued at $1,819,062.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Michael D. Hutchinson sold 18,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $32.96, for a total value of $609,760.00. Following the sale, the insider now directly owns 55,190 shares of the company’s stock, valued at $1,819,062.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the sale, the insider now owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,518 shares of company stock valued at $1,961,787. Company insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TDC. North Star Investment Management Corp. bought a new stake in shares of Teradata in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC bought a new stake in Teradata in the first quarter worth $31,000. Smithfield Trust Co purchased a new stake in Teradata during the third quarter valued at about $34,000. Principal Securities Inc. bought a new position in shares of Teradata during the fourth quarter valued at about $38,000. Finally, GAMMA Investing LLC purchased a new position in shares of Teradata in the fourth quarter worth about $47,000. Institutional investors own 90.31% of the company’s stock.

About Teradata

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.