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TETRA TECH INCTETRA TECH INCTETRA TECH INC

TETRA TECH INC

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TTEK trade ideas

Tetra Tech, Inc. Revenue & Segmental PerformanceFinancial Breakdown Tetra Tech, Inc. TTEK reported fourth-quarter fiscal 2023 (ended Oct 1, 2023) adjusted earnings of $1.78 per share, which surpassed the Zacks Consensus Estimate of earnings of $1.45 per share. The bottom line surged 41.3% year over year driven by strong momentum in all segments. The bottom line also surpassed management’s projection of earnings of $1.43-$1.48 per share. Revenue & Segmental Performance In the fiscal fourth quarter, Tetra Tech generated adjusted revenues of $1,260.6 million, reflecting a year-over-year increase of 39.7%. Adjusted net revenues (adjusted revenues minus subcontractor costs) were $1,057.4 million, up 43.6% year over year. The quarterly top line came above management’s guidance of $965-$1,015 million. Revenues from U.S. Federal customers (accounting for 29% of the quarter’s revenues) were up 46% year over year, supported by federal IT growth. U.S. Commercial sales (19% of the quarter’s revenues) increased 13% year over year on higher clean Energy and Environmental services sales. U.S. State and Local sales (12% of the quarter’s revenues) increased 15%, due to strength in digital water and resilience planning. International sales (40% of the quarter’s revenues) increased 78% year over year, backed by higher infrastructure sales. Fiscal 2024 Outlook For fiscal 2024 (ending September 2024), Tetra Tech anticipates net revenues to be $4.05-$4.25 billion. The midpoint of the guided range — $4.15 billion. For the first quarter of fiscal 2024 (ending December 2024), management estimates net revenues to be $950-$1000 million. Price Momentum TTEK is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:TTEKLong
by DEXWireNews
2
TTEK building a base over base pattern!* Strong earnings quarter over quarter * Strong up trend * Broke out of a year-to-date consolidation * Consolidating right above the broken level Trade Idea * Now would be a great time to get in on this given that it has broke out and is now creating a new support right above the broken level. * However, if you are looking for a discount, this may consolidate a bit more before moving higher so you may look to enter around 142.80 and 144.70 area Note * This is a great long term hold given it's established growth * and it pays out dividends with a Payout ratio of 19.70% so the company has a lot more room to grow and possibly increase dividends in the future
NASDAQ:TTEKLong
by HaseebKhan_90
TTEK - prepare for the HOTSHOT!!!Hi traders, I am here again with an analysis of the stock market . My favorite ticker for today is NASDAQ:TTEK . There are many confirmations for my thought, that we "will" go higher. Notice the quotation marks - the market shows us what is really right. Today´s video contains information about: 1) Insiders 2) High volume nodes 3) Low volume nodes 4) Fibo retracement 5) PinBars 6) Support levels 7) Inside-out trades and more... I believe that this trade is full of educational content and we are a small step to OPEN THAT TRADE. Have a nice weekend, Jakub FINEIGHT
NASDAQ:TTEKLong
by Fineight
2