Tetra Tech Sees Q1 2024 EPS $1.30-$1.38 Vs $1.36 Est.; Revenue $950M-$1B Vs $960.05M Est.
Portfolio Pulse from Benzinga Newsdesk
Tetra Tech forecasts its Q1 2024 earnings per share (EPS) to be in the range of $1.30 to $1.38, compared to the estimated $1.36. The company also projects its revenue to be between $950 million and $1 billion, versus the estimated $960.05 million.

November 15, 2023 | 9:07 pm
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Tetra Tech's projected Q1 2024 EPS range has a midpoint below the analyst estimate, while the revenue forecast is in line with expectations.
Tetra Tech's EPS guidance is slightly below the consensus estimate, which could indicate a cautious outlook and potentially lead to a neutral or slightly negative investor reaction in the short term. However, the revenue forecast being in line with estimates may balance out concerns, leading to a neutral score. The relevance is 100 as the news is directly about TTEK. The importance is set at 75, considering that earnings forecasts are significant for investors but the variance is small. The confidence level is 90, reflecting the direct correlation between earnings guidance and stock performance, but acknowledging market unpredictability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100