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Teradata (TDC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2024, Teradata (TDC - Free Report) reported revenue of $436 million, down 5.6% over the same period last year. EPS came in at $0.64, compared to $0.48 in the year-ago quarter.
The reported revenue represents a surprise of -2.59% over the Zacks Consensus Estimate of $447.58 million. With the consensus EPS estimate being $0.48, the EPS surprise was +33.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Teradata performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annual recurring revenue (ARR) - Total
: $1.47 billion versus $1.53 billion estimated by three analysts on average.
Annual recurring revenue (ARR) - Public Cloud
: $542 million versus $564.84 million estimated by three analysts on average.
Annual recurring revenue (ARR) - Maintenance and software upgrade rights
: $121 million versus $170.95 million estimated by two analysts on average.
Annual recurring revenue (ARR) - Subscription
: $802 million versus $813.64 million estimated by two analysts on average.
Revenue- Perpetual software licenses and hardware
: $5 million compared to the $9.43 million average estimate based on three analysts. The reported number represents a change of -61.5% year over year.
Revenue- Recurring
: $368 million versus $362.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.8% change.
Revenue- Consulting services
: $63 million versus $75.06 million estimated by three analysts on average.
Gross profit- Consulting services
: $7 million versus the two-analyst average estimate of $9.69 million.
Gross profit- Recurring
: $258 million versus the two-analyst average estimate of $257.07 million.
Shares of Teradata have returned -14.1% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Teradata (TDC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Teradata (TDC - Free Report) reported revenue of $436 million, down 5.6% over the same period last year. EPS came in at $0.64, compared to $0.48 in the year-ago quarter.
The reported revenue represents a surprise of -2.59% over the Zacks Consensus Estimate of $447.58 million. With the consensus EPS estimate being $0.48, the EPS surprise was +33.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Teradata performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Teradata here>>>Annual recurring revenue (ARR) - Total
: $1.47 billion versus $1.53 billion estimated by three analysts on average.Annual recurring revenue (ARR) - Public Cloud
: $542 million versus $564.84 million estimated by three analysts on average.Annual recurring revenue (ARR) - Maintenance and software upgrade rights
: $121 million versus $170.95 million estimated by two analysts on average.Annual recurring revenue (ARR) - Subscription
: $802 million versus $813.64 million estimated by two analysts on average.Revenue- Perpetual software licenses and hardware
: $5 million compared to the $9.43 million average estimate based on three analysts. The reported number represents a change of -61.5% year over year.Revenue- Recurring
: $368 million versus $362.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.8% change.Revenue- Consulting services
: $63 million versus $75.06 million estimated by three analysts on average.Gross profit- Consulting services
: $7 million versus the two-analyst average estimate of $9.69 million.Gross profit- Recurring
: $258 million versus the two-analyst average estimate of $257.07 million.Shares of Teradata have returned -14.1% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.