Overview

* Tetra Tech Q3 revenue of $1.37 bln beats analyst expectations, per LSEG data

* Operating income rises 28% Y/Y to $165 mln

* EPS increases 34% Y/Y to $0.43

Outlook

* Tetra Tech expects fiscal 2025 net revenue between $4.454 bln and $4.554 bln

* Company anticipates fourth-quarter net revenue of $1.0 bln to $1.1 bln

* Tetra Tech forecasts fiscal 2025 EPS between $1.49 and $1.54

* Company expects fourth-quarter EPS to range from $0.38 to $0.43

Result Drivers

* WATER AND ENVIRONMENTAL SERVICES - Growth driven by high-end consulting in water, environment, and sustainable infrastructure

* NATURAL DISASTER FUNDING - Increased client funding for natural disaster preparedness and response contributed to results

* CONTRACT WINS - Significant contracts with NAVFAC Pacific and USACE boosted performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.37 $1.15

Revenue bln bln (5

Analysts

)

Q3 EPS $0.43

Q3 $165 mln

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the environmental services & equipment peer group is "buy"

* Wall Street's median 12-month price target for Tetra Tech Inc ( TTEK ) is $41.00, about 8.4% above its July 29 closing price of $37.54

* The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)