Tetra Tech Stock Gains as Company Sees Bright Year Ahead

what happened

Tetra Tech shares rose 10% to $41.70 after hours, after the water infrastructure company gave a positive view of the year ahead, according to Dow Jones Newswires. The firm expects revenue of $4.43 billion to $4.63 billion in its new fiscal year and earnings of $1.65 to $1.80 per share. Analysts polled by FactSet had forecast $4.47 billion in revenue and $1.73 per share.

For the first fiscal quarter, Tetra Tech projects sales of $1.04 billion to $1.08 billion and earnings of 36 to 38 cents a share, versus Wall Street estimates of $1.05 billion and 37 cents. In the just-ended fourth quarter, revenue net of subcontractor costs rose 5% to $1.15 billion, roughly in line with projections. Adjusted earnings came in at 49 cents a share, two cents above expectations.

why it matters

For investors, the full-year guidance is the key point: its revenue and earnings ranges bracket the analyst consensus, and quarterly adjusted profit beat expectations. Reports like this matter mainly to people tracking water infrastructure stocks, while the broader market rarely moves on a single company.

market impact

TTEK shares: upbeat annual outlook and profit above expectations support the stock

• ▲Tetra Tech shares pressure up — annual outlook and quarterly profit above expectations support the stock

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