Tetra Tech Expects Q4 Adjusted EPS Of $1.40-$1.45 (Est. $1.44), Net Revenue Of $790M-$840M (Est. $983.2M)
Portfolio Pulse from Benzinga Newsdesk
Tetra Tech has projected its Q4 adjusted EPS to be between $1.40-$1.45, which is in line with the estimated $1.44. However, the company's net revenue is expected to be between $790M-$840M, significantly lower than the estimated $983.2M.
August 09, 2023 | 8:30 pm
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Tetra Tech's Q4 earnings per share (EPS) forecast aligns with estimates, but its net revenue projection is significantly lower than expected.
Tetra Tech's EPS forecast is in line with estimates, which is a positive sign. However, the company's projected net revenue is significantly lower than the estimated $983.2M, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100