TTEK•Tetra Tech shares fell about 7% on Wednesday ahead of quarterly results due after the closing bell. Analysts expected revenue of $1.15 billion, down 1% year over year, and adjusted EPS of $0.47, up from $0.45.
Analysts expected Tetra Tech to report quarterly revenue of $1.15 billion, compared with $1.16 billion a year earlier, and adjusted EPS of $0.47 versus $0.45. The company announced a $500 million increase to its share repurchase program in September.
Six of the nine analysts following the stock rated it “buy” or “strong buy,” while three rated it “hold.” The 12-month median price target was $41.00. Tetra Tech shares were up about 13% year to date, slightly ahead of the Nasdaq’s roughly 10% gain.
