Tetra Tech Earnings: Everything You Must Know Now
Tetra Tech Inc. (NASDAQ:TTEK) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Tetra Tech Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8.57% to $0.38 in the quarter versus EPS of $0.35 in the year-earlier quarter.
Revenue: Decreased 16.57% to $520.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tetra Tech Inc. reported adjusted EPS income of $0.38 per share. By that measure, the company missed the mean analyst estimate of $0.40. It missed the average revenue estimate of $532.4 million.
Quoting Management: Tetra Tech’s Chairman and CEO, Dan Batrack, commented, “We generated second quarter results that were in-line with our expectations and guidance. We continue to experience strong demand for our water and environmental services from commercial clients, especially with our oil & gas customers. U.S. commercial and international clients now represent 59% of our net revenue.”
Key Stats (on next page)…
Revenue decreased 20.9% from $658.55 million in the previous quarter. EPS decreased 7.32% from $0.41 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.52 to a profit $0.41. For the current year, the average estimate has moved down from a profit of $1.91 to a profit of $1.70 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)