Tetra Tech Shares Jump 10% on Fiscal-Year Outlook

FactSet-polled analysts had projected revenue of $4.47 billion and earnings of $1.73 a share. Tetra Tech’s outlook brackets both estimates, with the midpoint of its revenue range slightly above analysts’ forecast and the midpoint of its earnings range slightly below it.

For the first fiscal quarter, the company expects sales of $1.04 billion to $1.08 billion and earnings of 36 cents to 38 cents a share. Wall Street estimates were $1.05 billion in revenue and 37 cents a share in earnings.

In the just-ended fourth quarter, revenue net of subcontractor costs rose 5% to $1.15 billion, roughly matching analyst projections. Adjusted earnings were 49 cents a share, two cents above expectations.