- Tetra Tech Dividend Beat: Dividend per share is 29 cents, surpassing last year’s 26 cents and the estimated 28 cents.
- Fourth Quarter Forecast: Expected earnings per share (EPS) between $1.82 and $1.87.
- Revenue Forecast: Expected net revenue for the fourth quarter ranges between $1.09 billion and $1.14 billion.
- Fiscal Year 2024 Guidance: Raised EPS guidance to $6.23 to $6.28, a 23% increase at the midpoint year-over-year.
- Revenue Growth: Raised net revenue guidance to $4.27 billion to $4.32 billion, a 15% increase at the midpoint year-over-year.
- Margin Expansion: Margins in GSG increased by 60 basis points, and in CIG by 230 basis points compared to the same quarter last year.
- Market Recommendations: 5 buy ratings, 3 hold ratings, and no sell ratings.
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A look at Tetra Tech Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Tetra Tech Inc has a positive long-term outlook. With a high Growth score of 4 and a Momentum score of 5, the company is positioned well for future expansion and market performance. The Growth score indicates strong potential for increasing revenues and profits, while the Momentum score suggests a favorable trend in the company’s stock price.
Although Tetra Tech Inc scored lower on Value and Dividend with scores of 2, its Resilience score of 3 indicates a moderate ability to withstand economic downturns or market volatility. Overall, Tetra Tech Inc‘s diversified services in resource management, infrastructure, and communications, combined with its presence in both the domestic and international markets, provide a stable foundation for continued growth and success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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