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Tetra Tech (TTEK)
:TTEK
Holding TTEK?
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.28Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -10.07%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
Tetra Tech reported a strong fiscal year with record revenue and earnings, driven by robust segment performance, international growth, and innovative solutions. However, there are concerns over the potential impact of political changes on federal funding and the low-margin nature of USAID work.Company Guidance
During the Tetra Tech Q4 2024 earnings call, CEO Dan Batrack provided guidance emphasizing robust growth across various sectors. The company reported record-high metrics in key financial areas, including a 15% revenue increase to $4.32 billion, a 22% rise in operating income to $510 million, and a 21% increase in earnings per share to $1.26. The backlog reached an all-time high of $5.38 billion, up 12% from the previous year. Looking ahead, Tetra Tech anticipates 5-10% growth in U.S. federal work, driven by defense and IT projects, and 10-15% growth in state and local markets due to water system modernization. International growth is projected at 5-10%, bolstered by renewable energy and water programs in the UK and Australia. For fiscal year 2025, the company expects net revenue between $4.565 billion and $4.765 billion, with EPS ranging from $1.40 to $1.50.Record-Breaking Financial Performance
Tetra Tech achieved record results for Q4 and fiscal year 2024, with revenue reaching $4.32 billion, a 15% increase, and operating income exceeding $0.5 billion for the first time. Earnings per share grew by 21% year-over-year.
Strong Segment Performance
The Government Services Group and Commercial International Group showed significant growth, with GSG revenue increasing by 12% and CIG margins reaching a decade-high of 15.6%.
All-Time High Backlog
Backlog reached a record $5.38 billion, up 12% year-over-year, providing strong visibility into future performance.
International Growth and Expansion
Tetra Tech's international revenue, driven by projects in the UK and Australia, grew by 6%, representing almost 40% of the company’s revenue.
Successful Integration and Performance of RPS
RPS is now fully integrated, with margins finishing the year above 12%, up 200 basis points from the prior year.
Innovative Software Solutions
Growth in subscription software solutions, leveraging AI and other technologies, contributing to business differentiation and offering new market opportunities.
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TTEK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TTEK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $47.35 | $40.96 | -13.50% |
| Jul 31, 2024 | $42.59 | $46.44 | +9.04% |
| May 01, 2024 | $38.40 | $40.74 | +6.09% |
| Jan 31, 2024 | $31.51 | $32.72 | +3.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tetra Tech (TTEK) report earnings?
Tetra Tech (TTEK) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Tetra Tech (TTEK) earnings time?
Tetra Tech (TTEK) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTEK EPS forecast?
TTEK EPS forecast for the fiscal quarter 2025 (Q1) is 0.33.
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