Up $1 today into the close. Someone knows something. Earnings should be blowout tomorrow. Per Cramer:
Teradata Q1 EPS Seen Up 17%, Revenue 16% On Big Data By BRIAN DEAGON, INVESTOR'S BUSINESS DAILY Posted 01:10 PM ET Teradata (TDC) is expected to post double-digit gains in earnings and revenue when it posts its first-quarter results before markets open Thursday.
The consensus revenue forecast among analysts polled by Thomson Reuters is $567.5 million, up 16% from the year-earlier quarter. Earnings per share minus items are projected to be 56 cents, up 17%. It would be the fifth straight quarter of double-digit gains in revenue and EPS, though the growth rates for both would be lower than in the three previous quarters.
Teradata is front and center in an emerging technology trend known as Big Data. Teradata provides software and services to help companies analyze and interpret the huge volumes of data they are accumulating from the Internet and numerous sources.
Big Data is a grand extension of earlier tools used to mine data, such as enterprise resource planning and customer relationship management software, from providers that include IBM (IBM), Oracle (ORCL), SAP (SAP) and Microsoft (MSFT), as IBD recently reported.
Teradata beat views when it reported Q4 results three months ago, and its shares rose 10% the following day. The stock has risen another 11.5% since then. The stock hit an all-time high on Wednesday, near 72, and was up 1.3% in afternoon trading.