Offshore vessel operator Tidewater will report its second-quarter results after the bell on Monday. Last quarter, the company posted revenues of $326.2 million, down 2.2% year on year, missing analysts' EPS and EBITDA estimates. For this quarter, the market expects revenue to decline 4.3% year on year, a deceleration from flat revenue in the same quarter last year. Analysts have generally reconfirmed their estimates over the last 30 days. Tidewater shares are up 10.1% over the past month, heading into earnings with an average analyst price target of $86.57 compared to the current share price of $75.30.
Tidewater IncQ2 results due; prior miss and expected revenue decline create uncertainty, but shares up 10.1% and analyst PT above current price.