Tetra Tech Inc is a leading consulting and engineering firm that specializes in technical services related to water, the environment, and sustainable infrastructure
The company provides a comprehensive range of services, including engineering design, environmental assessments, and project management, to help clients improve and manage their water resources, address environmental challenges, and develop sustainable solutions for energy and infrastructure projects. With a strong focus on innovation and collaboration, Tetra Tech serves a diverse clientele, including government agencies, private enterprises, and non-profit organizations, striving to enhance community resilience and ecological health through their expertise and advanced technologies.
What a brutal six months it’s been for Tetra Tech. The stock has dropped 31.3% and now trades at a new 52-week low of $30.97, rattling many shareholders. This may have investors wondering how to approach the situation.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Tetra Tech (NASDAQTTEK) and the rest of the environmental and facilities services stocks fared in Q3.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how environmental and facilities services stocks fared in Q3, starting with BrightView (NYSEBV).
Consulting and engineering services company Tetra Tech (NASDAQTTEK) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 30% year on year to $1.37 billion. Guidance for next quarter’s revenue was better than expected at $1.12 billion at the midpoint, 1.7% above analysts’ estimates. Its GAAP profit of $0.35 per share was in line with analysts’ consensus estimates.
Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell‘s speech in Dallas at 3 p.m. ET.
