What caused TDW's Q3 2024 earnings to miss forecasts?

Tidewater's Q3 2024 earnings missed forecasts due to several factors:

1. **Revenue Growth Expectations**: Tidewater's revenue growth is expected to slow, with the forecasted annualized growth rate of 3.0% until the end of 2025. This indicates a deceleration in revenue growth, which could have contributed to the earnings miss.
2. **Earnings Per Share (EPS) Miss**: Despite revenues being in line with analyst predictions, statutory earnings fell short of expectations, missing estimates by 6.5% to reach $3.40 per share. This EPS miss is a key factor in the earnings shortfall.
3. **Market Conditions and Sentiment**: The company's stock price experienced a significant drop, with a 26% decline over the last month. This decline reflects broader market concerns and may have influenced investor sentiment, leading to a reassessment of the company's future prospects and lower earnings expectations.

In summary, Tidewater's Q3 2024 earnings miss was likely a result of a combination of revenue growth expectations, EPS miss and market conditions and sentiment.