Tenaris stock fell 2.72 percent as earnings beat estimates

Published on 10/07/2026 at 13:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tenaris stock was last at USD 56.87 on October 6, 2026, after a 2.72 percent decline. Q2 EPS beat consensus, but revenue fell 3.9 percent year over year.

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Tenaris stock (ISIN US88031M1099) was last at USD 56.87 on the NYSE on October 6, 2026 at 4:00 p.m. ET, down 2.72 percent for the session. The move followed a mixed second-quarter signal, with earnings ahead of estimates while revenue declined year over year.

Quarterly earnings beat estimates

According to MarketBeat on October 6, 2026, Tenaris reported USD 0.95 in second-quarter earnings per share against a USD 0.79 consensus estimate. The USD 0.16 beat was supported by revenue of USD 2.97 billion, compared with the USD 2.93 billion expectation.

The comparison with the prior year was less favorable: quarterly revenue fell 3.9 percent, while earnings per share stood above the USD 0.50 reported for the same period last year, according to MarketBeat.

BofA lifts its price target

Bank of America raised its Tenaris price target from USD 66 to USD 71 and kept a Buy rating, as TipRanks reported on October 6, 2026. The new target lies 24.9 percent above the USD 56.87 price, making the analyst action a counterweight to the session decline.

The broader analyst picture is more measured. MarketBeat lists five Buy ratings and six Hold ratings, producing a consensus Hold rating and an average target of USD 63.67, which lies 12.0 percent above the October 6 price.

Stock remains below yearly high

At USD 56.87, Tenaris was 12.0 percent below its 52-week high of USD 64.60 and above its 52-week low of USD 33.65. The company had a market capitalization of USD 30.5 billion and volume of 2,037,458 shares on October 6, 2026.

Tenaris designs and supplies seamless and welded steel tubes for energy and industrial customers. Its investor page identifies 2026 Q3 results for November 4, 2026 and the related conference call for November 5, 2026, according to Tenaris.

Tenaris stock holds a mixed setup

Tenaris stock was last at USD 56.87 on October 6, 2026, while the Q2 earnings beat and BofA target increase offered support against the 3.9 percent revenue decline.