Teradata Corporation (TDC) Announces Quarterly Earnings Results, Beats Estimates By $0.17 EPS
Teradata Corporation (NYSE:TDC) issued its quarterly earnings data on Thursday. The technology company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.12 by $0.17, Bloomberg Earnings reports. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The company had revenue of $526.00 million during the quarter, compared to analysts’ expectations of $511.23 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. Teradata Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. Teradata Corporation updated its Q4 guidance to $0.47-0.52 EPS.
TDC has been the subject of several research analyst reports. Sanford C. Bernstein reiterated an “underperform” rating and set a $27.00 target price on shares of Teradata Corporation in a research report on Monday, September 11th. Needham & Company LLC initiated coverage on shares of Teradata Corporation in a research report on Monday, September 11th. They set a “hold” rating for the company. BidaskClub lowered shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. BMO Capital Markets lifted their target price on shares of Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $30.00 target price on shares of Teradata Corporation in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.67.
About Teradata Corporation
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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