Tetra Tech (TTEK) Tops Q1 EPS by 12c, Large Beat on Revenues; Boosts FY18 EPS/Revenue Guidance Above Consensus

Tetra Tech (NASDAQ: TTEK) reported Q1 EPS of $0.65, $0.12 better than the analyst estimate of $0.53. Revenue for the quarter came in at $760 million versus the consensus estimate of $510.2 million.

• Record quarterly revenue of $760 million, up 14% year over year
• Operating income of $49 million, up 22% year over year
• EPS of $0.81; ongoing EPS of $0.65, up 33% year over year

Business Outlook

The following statements are based on current expectations. These statements are forward-looking and the actual results could differ materially. These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. The Business Outlook section should be read in conjunction with the information on forward-looking statements at the end of this release.

Tetra Tech expects ongoing EPS for the second quarter of fiscal 2018 to be in the range of $0.48 to $0.53 and net revenue for the second quarter to be in the range of $490 million to $515 million. For fiscal 2018, Tetra Tech is increasing guidance, and now expects ongoing EPS to be in the range of $2.40 to $2.60 and net revenue to range from $2.10 billion to $2.20 billion.

GUIDANCE:

Tetra Tech sees FY2018 EPS of $2.40-$2.60, versus the consensus of $2.33. Tetra Tech sees FY2018 revenue of $2.1-2.2 billion, versus the consensus of $2.11 billion.

For earnings history and earnings-related data on Tetra Tech (TTEK) click here.

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