Tetra Tech Q1 2024 GAAP EPS $1.40 Beats $1.35 Estimate, Sales $1.23B Beat $981.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tetra Tech reported Q1 2024 earnings with a GAAP EPS of $1.40, surpassing the $1.35 estimate. Sales reached $1.23B, exceeding the $981.28M estimate and marking a 66.99% increase from the previous year.
January 31, 2024 | 9:08 pm
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POSITIVE IMPACT
Tetra Tech's Q1 2024 earnings and sales exceeded analyst estimates, with a significant year-over-year sales increase.
Tetra Tech's earnings beat and significant sales growth are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The substantial beat on both top and bottom lines, coupled with a strong year-over-year growth, indicates robust performance and may lead to increased investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100