Tetra Tech (Nasdaq: TTEK ) reported earnings on Aug. 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 1 (Q3), Tetra Tech missed estimates on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved significantly.
Margins expanded across the board.
Tetra Tech reported revenue of $516.9 million. The 16 analysts polled by S&P Capital IQ anticipated sales of $534.3 million on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $480.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.45. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.44 per share. GAAP EPS of $0.45 for Q3 were 18% higher than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.9%, 120 basis points better than the prior-year quarter. Operating margin was 9.0%, 80 basis points better than the prior-year quarter. Net margin was 5.6%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $540.3 million. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $2.03 billion. The average EPS estimate is $1.65.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 406 members out of 418 rating the stock outperform, and 12 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Tetra Tech a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tetra Tech is outperform, with an average price target of $31.25.
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