## Tetra Technologies (TTI) Earnings Preview: What to Watch for on October 29th
Investors are gearing up for Tetra Technologies (TTI) to unveil its quarterly earnings on Tuesday, October 29th, 2024. The announcement is highly anticipated, with investors eager to see if the company can surpass earnings per share (EPS) estimates and offer favorable guidance for the next quarter.
A Look Back: Past Performance and Market Sentiment
Before diving into the upcoming release, let’s take a quick look at Tetra Technologies’s recent earnings history and market performance. In the previous quarter, the company missed EPS estimates by $0.03, resulting in a 3.49% drop in the share price the following trading session. This highlights the significance of guidance, as it can significantly influence stock price movements.
Here’s a breakdown of Tetra Technologies’s past performance and the resulting price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | $0.10 | $0.07 | -3.0% |
| Q1 2024 | $0.03 | $0.05 | -14.0% |
| Q4 2023 | $0.08 | $0.03 | 6.0% |
| Q3 2023 | $0.09 | $0.07 | -15.0% |
As of October 25th, Tetra Technologies’s shares were trading at $3.06. Over the past 52 weeks, the share price has declined by 35.13%. These negative returns likely leave long-term shareholders apprehensive heading into this earnings release.
Analyst Opinions: A Mixed Bag?
Understanding market sentiment and expectations is crucial for investors. Let’s delve into the latest insights on Tetra Technologies from industry analysts. The company has received a total of 1 rating from analysts, with a consensus rating of Buy. The average one-year price target is $5.5, suggesting a potential 79.74% upside.
Comparing Ratings with Peers
To gain a broader perspective, we’ll compare Tetra Technologies’s analyst ratings and average one-year price targets with three other major players in the industry: Solaris Energy, Oil States International, and Ranger Energy Services.
*
Solaris Energy:
Analysts have a Buy rating on Solaris Energy, with an average one-year price target of $15.0, implying a potential 390.2% upside.*
Oil States International:
Analysts hold a Neutral rating on Oil States International, with an average one-year price target of $6.5, suggesting a potential 112.42% upside.*
Ranger Energy Services:
The consensus among analysts is Neutral for Ranger Energy Services, with an average one-year price target of $13.0, indicating a potential 324.84% upside.Snapshot: Peer Analysis
This peer analysis provides a comparative view of key metrics for these companies, offering valuable insights into their respective market positions and performance.
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Tetra Technologies | Buy | -2.01% | $43.25M | 5.06% |
| Solaris Energy | Buy | -4.30% | $18.19M | 2.87% |
| Oil States International | Neutral | 1.56% | $29.65M | 0.18% |
| Ranger Energy Services | Neutral | -15.38% | $13.90M | 1.80% |
Key Takeaway:
Tetra Technologies ranks at the bottom for revenue growth among its peers. However, it holds a middle position for Gross Profit and Return on Equity.About Tetra Technologies
Tetra Technologies Inc. is a diversified oil and gas services company, specializing in completion fluids and related products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. The company operates through two reporting segments: Completion Fluids & Products and Water & Flowback Services. The Completion Fluids & Products Division focuses on manufacturing and marketing clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services. The United States is the company’s primary revenue source.
Understanding the Numbers: Tetra Technologies’s Finances
Market Capitalization Analysis:
Tetra Technologies exhibits a lower market capitalization profile compared to industry averages. This suggests a smaller scale relative to its peers.Revenue Growth:
Tetra Technologies’s revenue growth has faced challenges over the past 3 months. As of June 30th, 2024, the company experienced a revenue decline of approximately -2.01%. This indicates a decrease in the company’s top-line earnings, lagging behind the average growth rate among its peers in the Energy sector.Net Margin:
Tetra Technologies boasts an impressive net margin, exceeding industry averages. With a net margin of 4.45%, the company demonstrates strong profitability and effective cost management.Return on Equity (ROE):
Tetra Technologies’s ROE surpasses industry benchmarks, reaching 5.06%. This reflects robust financial management and efficient use of shareholder equity capital.Return on Assets (ROA):
Tetra Technologies’s ROA surpasses industry standards, highlighting the company’s exceptional financial performance. With an impressive 1.54% ROA, the company effectively utilizes its assets for optimal returns.Debt Management:
Tetra Technologies’s debt-to-equity ratio stands notably higher than the industry average, reaching 1.38. This indicates a heavier reliance on borrowed funds, potentially raising concerns about financial leverage.To stay informed about all upcoming earnings releases for Tetra Technologies, visit their earnings calendar on our site.
