Tetra Tech Sees FY24 EPS $5.90-$6.20 Vs $6.720 Est.; Revenue $4.15B-$4.30B Vs $4.469B Est.
Portfolio Pulse from Benzinga Newsdesk
Tetra Tech provided its FY24 earnings guidance with an EPS range of $5.90-$6.20, which is below the estimated $6.720. The company also forecasts revenue between $4.15B-$4.30B, which falls short of the expected $4.469B.
January 31, 2024 | 9:11 pm
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Tetra Tech's FY24 earnings and revenue guidance are below analysts' expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
When a company's financial guidance for earnings per share (EPS) and revenue is lower than analysts' estimates, it often results in negative investor sentiment and can lead to a decrease in the company's stock price in the short term. Given that Tetra Tech's guidance is significantly below the estimates, it is likely that the stock will face downward pressure as investors adjust their expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100