Tetra Tech beats fourth-quarter revenue estimates and guides above consensus

what happened

Tetra Tech reported fourth-quarter results, and according to Reuters revenue came in at $1,340 million against an IBES estimate of $1,151 million. Operating income reached $188 million.

For the full fiscal year, the company expects revenue of $4,425 million to $4,625 million, compared with an IBES estimate of $4,497 million. For the first quarter, it forecasts revenue of $1,040 million to $1,080 million against an estimate of $1,055 million, and earnings per share of $0.36 to $0.38.

The headline cites adjusted earnings per share of $0.49 against an estimate of $0.47, while the text of the report gives EPS of $0.51. The material does not explain the difference.

why it matters

The main signal for markets is revenue, which is well above expectations, while the midpoints of both the annual and quarterly guidance also sit slightly above consensus. That supports interest in the stock, but this is one mid-sized company, so the impact on the broader market is limited.

market impact

Tetra Tech shares: revenue and guidance above estimates support the stock

• ▲Tetra Tech shares pressure up — revenue and guidance above IBES estimates

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