Tetra Tech (TTEK) Q4 Earnings: What To Expect

StockStory
01-28
Tetra Tech (TTEK) Q4 Earnings: What To Expect

Consulting and engineering services company Tetra Tech (NASDAQ:TTEK) will be reporting earnings tomorrow afternoon. Here’s what to expect.

Tetra Tech beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $1.14 billion, up 8.2% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but full-year EPS guidance missing analysts’ expectations significantly.

Is Tetra Tech a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Tetra Tech’s revenue to grow 8.4% year on year to $1.10 billion, slowing from the 37.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tetra Tech has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5% on average.

With Tetra Tech being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for environmental and facilities services stocks. However, there has been positive investor sentiment in the segment, with share prices up 4.1% on average over the last month. Tetra Tech is down 2.5% during the same time and is heading into earnings with an average analyst price target of $49 (compared to the current share price of $40.06).

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