NASDAQ$TTEK
Tetra Tech Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Tetra Tech reported record revenue and increased profitability due to strong demand for high-end water, environment, and sustainable infrastructure services.
Tetra Tech reported record third quarter revenue and raised full year guidance for net revenue and earnings. The company's GSG and CIG margins expanded. A five-for-one stock split was approved.
- Tetra Tech achieved record quarterly revenue.
- The company's backlog reached an all-time high.
- GSG margins expanded by 60 basis points year-over-year.
- CIG margins expanded by 230 basis points year-over-year.
Headline financials
Revenue & EPS history
Tetra Tech · Revenue · Quarterly
$1.34B
Forward guidance
Tetra Tech is raising EPS guidance to range from $6.23 to $6.28 and is raising net revenue guidance to range from $4.27 billion to $4.32 billion for fiscal year 2024. Tetra Tech expects EPS for the fourth quarter of fiscal 2024 to range from $1.82 to $1.87 and net revenue to range from $1.09 billion to $1.14 billion.
Tailwinds
- EPS guidance raised to $6.23 - $6.28, an increase of 23% year-over-year at the midpoint.
- Net revenue guidance raised to $4.27 billion - $4.32 billion, an increase of 15% year-over-year at the midpoint.
- EPS for Q4 2024 expected to range from $1.82 to $1.87.
- Net revenue for Q4 2024 expected to range from $1.09 billion to $1.14 billion.
- Strong performance through the third quarter with increasing demand for high-end services.
Headwinds
- Business outlook is based on current expectations and is subject to change.
- Actual results could differ materially.
- Statements do not include potential impact of transactions that may be completed or developments that become evident after the date of this release.
- Continuing worldwide political and economic uncertainties.
- Cyclicality in demand for overall services.
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 Q3 2024
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro