Tetra Tech Sees Q2 2024 EPS $1.25-$1.35 Vs $1.30 Est.; Revenue $990M-$1.04B Vs $1.034B Est.
Portfolio Pulse from Benzinga Newsdesk
Tetra Tech, Inc. has provided guidance for its Q2 2024 earnings per share (EPS) to be in the range of $1.25 to $1.35, compared to the consensus estimate of $1.30. The company also forecasts revenue to be between $990 million and $1.04 billion, versus the estimated $1.034 billion.
January 31, 2024 | 9:09 pm
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Tetra Tech's Q2 2024 EPS guidance brackets the consensus estimate, while its revenue forecast is in line with expectations, indicating a stable financial outlook.
Tetra Tech's EPS guidance for Q2 2024 encompasses the analyst consensus, suggesting no significant deviation from market expectations. The revenue forecast is also close to the consensus estimate, which may not lead to a strong market reaction in the short term. The guidance indicates that the company's performance is on track, but since there are no surprises to the upside or downside, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100