NASDAQ$TTEK

Tetra Tech Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Tetra Tech reported strong first quarter results driven by growth in water and environmental programs and increased operating margin.

Tetra Tech's first quarter results exceeded expectations, with revenue totaling $765 million and net revenue of $605 million. Operating income increased by 5% year-over-year, and EPS rose by 13% year-over-year. The company is increasing its guidance for both net revenue and EPS for fiscal year 2021.

  • Revenue totaled $765 million and net revenue was $605 million.
  • Operating income increased 5% year-over-year.
  • Earnings per share was $0.96, up 13% year-over-year.
  • Backlog at the end of the quarter was $3.2 billion.

Headline financials

Total Revenue

$765M

Previous: $798M-4.1%
EPS (adj)

$0.19

Previous: $0.17+11.8%
Capital Expenditures

-$1.8M

Previous: -$3.33M+46.1%
Free Cash Flow

$50.7M

Previous: $44M+15.2%
Net Income

$52.4M

Previous: $47.3M+10.8%
Operating Income

$66.3M

Previous: $63.3M+4.7%
Gross Profit

$116M

Previous: $110M+6.0%
Cash & Equivalents

$163M

Previous: $111M+47.5%
Total Assets

$2.41B

Previous: $2.35B+2.6%
Stock-Based Comp

$4.9M

Previous: $4.48M+9.3%

Revenue & EPS history

Tetra Tech · Revenue · Quarterly

$765M

Q1 2021-4.1%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Tetra Tech is increasing its guidance outlook and now expects EPS to range from $3.45 to $3.60 and net revenue to range from $2.40 billion to $2.55 billion for fiscal year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.2%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+17.2%

Q4 2022

Best reaction

-12.8%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.0%-0.7%-13.7%
Q1 2026+3.2%+5.2%-3.4%
Q4 2025+15.4%+9.8%+6.5%
Q2 2025+13.0%+13.5%+15.3%
Q1 2025-2.9%-8.3%-22.5%
Q4 2024-12.8%-14.0%-11.2%
Q3 2024+7.9%+6.5%+11.5%
Q2 2024+4.9%+8.9%+7.6%
Q1 2024+0.2%+0.6%+7.6%
Q4 2023+1.7%+2.3%+2.8%
Q3 2023+0.8%-0.1%-6.9%
Q2 2023+1.4%-2.6%+8.8%
Q1 2023-1.6%-3.6%-10.7%
Q4 2022+17.2%+13.7%+9.1%
Q3 2022-4.3%-6.7%-12.7%
Q2 2022-3.3%-8.8%+0.5%
Q1 2022+3.9%+3.5%+13.1%
Q4 2021+3.3%+3.6%-10.8%
Q3 2021+1.6%+3.0%+10.8%
Q2 2021-4.9%-7.8%-11.0%
Q1 2021-4.8%-7.1%+3.6%
Q4 2020+1.8%+8.8%+0.9%
Q3 2020+4.5%+5.3%+8.3%
Q2 2020-4.9%-10.6%-0.3%
Q1 2020-0.8%-2.6%-9.7%
Q4 2019-0.9%+0.0%-1.4%
Q3 2019-3.4%-5.4%+2.1%
Q2 2019+4.5%+5.0%+4.3%
Q1 2019+13.6%+12.9%+24.7%
Q4 2018+7.7%-0.6%-18.7%
Q3 2018+8.7%+12.8%+14.8%
Q2 2018+2.5%+5.9%+16.9%
Q1 2018+7.0%-3.6%-0.7%
Q4 2017-2.4%+1.0%-0.7%
Q3 2017-11.5%-11.8%-9.6%
Q2 2017+0.6%+3.5%+5.1%
Q1 2017-7.7%-5.1%-6.8%
Q4 2016+4.3%+7.6%+14.9%
Q3 2016+2.3%+1.3%+7.1%
Q2 2016-1.6%
Q1 2016+5.3%
Q4 2015-3.9%
Q3 2015+1.8%
Q2 2015+8.4%
Q1 2015-3.9%
Q4 2014+1.9%
Q3 2014-9.7%
Q2 2014-5.0%
Q1 2014+0.7%
Q4 2013+8.7%
Q3 2013-0.2%
Q2 2013+1.1%
Q1 2013-2.2%
Q4 2012-3.4%
Q3 2012-4.3%
Q2 2012-2.4%
Q1 2012+1.9%
Q4 2011+0.2%
Q3 2011-12.5%
Q2 2011+4.9%
Q1 2010+1.3%
Q1 2011+1.2%
Q4 2008-2.6%
Q2 2010-2.6%
Q4 2010-2.6%
Q3 2010-0.5%
Q4 2009-0.5%
Q3 2009-0.5%

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