NASDAQ$TTEC

Ttec Holdings In · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

TTEC's Q3 2023 performance reflected a revenue increase and strategic alignment with client priorities, but the financial outlook was moderated due to macroeconomic conditions and client impacts.

TTEC Holdings, Inc. reported a 1.8% year-over-year increase in revenue for Q3 2023, reaching $603.0 million. The company's operating income was $25.4 million, with a net income of $1.8 million, and an EPS of $0.04.

  • Revenue increased by 1.8% year-over-year to $603.0 million.
  • Operating income reached $25.4 million, or 4.2% of revenue.
  • Net income was $1.8 million, representing 0.3% of revenue.
  • Fully diluted EPS was reported at $0.04.

Headline financials

Total Revenue

$603M

Previous: $592M+1.8%
EPS (adj)

$0.48

Previous: $0.74-35.1%
Capital Expenditures

-$54.7M

Previous: -$28.8M-90.2%
Free Cash Flow

-$56.3M

Previous: -$6.53M-762.1%
Net Income

-$1.53M

Previous: $22.2M-106.9%
Operating Income

$25.4M

Previous: $35.6M-28.7%
Gross Profit

-$480M

Previous: -$450M-6.5%
Cash & Equivalents

$152M

Previous: $172M-12.0%
Total Assets

$2.17B

Previous: $2.16B+0.6%
Stock-Based Comp

$6.61M

Previous: $5.36M+23.4%

Revenue & EPS history

TTEC · Revenue · Quarterly

$603M

Q3 2023+1.8%vs Q3 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

TTEC updated its full-year guidance due to rapidly changing macroeconomic uncertainties impacting a number of clients and putting downward pressure on the fourth quarter financial outlook. As they pivot to 2024, they remain focused on their strategic priorities that deliver improved profitable growth and look forward to providing their full-year 2024 outlook when they announce their fourth quarter earnings results at the end of February.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

-1.4%

Avg return

Earnings day

-3.3%

Avg return

5 days after

-1.2%

Avg return

30 days after

42%

28 / 66 earnings

Positive

+31.9%

Q1 2025

Best reaction

-29.8%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.7%-18.1%-27.2%
Q4 2025+13.1%+7.7%+0.5%
Q3 2025-4.0%-16.2%+9.5%
Q1 2025+31.9%+28.3%+25.3%
Q4 2024-7.4%-6.3%-3.0%
Q3 2024-8.7%-8.6%-2.1%
Q2 2024-15.7%-19.3%-16.8%
Q1 2024-9.9%-6.0%-20.4%
Q4 2023-20.0%-28.3%-40.2%
Q3 2023-29.8%-27.4%-7.1%
Q2 2023-1.9%-11.0%-7.7%
Q1 2023+5.7%+0.5%+3.5%
Q4 2022-15.9%-14.3%-23.3%
Q3 2022+11.8%+12.3%+13.7%
Q2 2022-18.1%-20.8%-30.8%
Q1 2022-6.0%-11.0%-6.5%
Q4 2021-0.6%-4.9%+3.8%
Q3 2021-7.7%-12.8%-12.0%
Q2 2021-0.2%+3.8%+9.9%
Q1 2021-2.6%-2.3%+2.6%
Q4 2020+2.9%-2.9%+19.4%
Q3 2020+4.6%+3.8%+23.1%
Q2 2020+14.1%+11.6%+8.9%
Q1 2020+3.9%+9.1%+17.6%
Q4 2019+2.8%-6.3%-14.2%
Q3 2019+4.1%-1.5%-18.1%
Q2 2019+5.1%+5.2%+6.7%
Q1 2019+5.6%+2.8%+8.6%
Q4 2018-0.5%+2.3%+6.3%
Q3 2018+14.6%+24.0%+15.5%
Q2 2018-17.6%-18.8%-18.8%
Q1 2018+2.3%+2.5%+12.6%
Q4 2017-4.9%-9.9%-15.2%
Q3 2017-4.8%-9.1%-4.3%
Q2 2017-2.6%+0.9%-5.0%
Q1 2017+13.4%+15.6%+28.1%
Q4 2016-3.8%-2.1%-4.9%
Q3 2016-5.6%-3.3%+13.9%
Q2 2016+1.2%+3.9%+0.7%
Q1 2016-6.4%
Q4 2015-4.4%
Q3 2015-6.1%
Q2 2015+2.0%
Q1 2015-3.1%
Q4 2014+4.5%
Q3 2014-5.3%
Q2 2014-6.9%
Q1 2014+2.7%
Q4 2013+13.8%
Q3 2013-1.3%
Q2 2013+1.2%
Q1 2013-1.9%
Q4 2012+4.5%
Q3 2012+0.9%
Q2 2012-1.2%
Q4 2011-1.2%
Q1 2012+3.0%
Q3 2010+4.7%
Q3 2011+4.7%
Q2 2011-8.0%
Q1 2010+0.7%
Q1 2011-0.8%
Q4 2009-10.2%
Q2 2010-10.2%
Q4 2010-10.2%
Q4 2008-10.2%

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