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In a turbulent market environment, Tetra Tech Inc. (NASDAQ:TTEK) stock has reached its 52-week low, trading at $28.0 USD. This significant downturn reflects a broader trend for the engineering and consulting firm, with a 6-month decline of 39.2% and a 1-year decline of 24.2%. Despite the recent price weakness, InvestingPro analysis shows the company maintains a "GOOD" Financial Health score, supported by 11 consecutive years of dividend increases and a moderate debt level. Investors are closely monitoring the company's performance as it navigates through the current economic headwinds, which have impacted its market valuation and investor sentiment. The 52-week low milestone is a critical indicator for market watchers and shareholders alike, as it encapsulates the challenges faced by Tetra Tech over the past year. According to InvestingPro, the company appears slightly undervalued at current levels, with analysts maintaining coverage and 12 additional exclusive ProTips available for subscribers seeking deeper insights into the company's prospects.
In other recent news, Tetra Tech Inc. reported its Q1 FY2025 earnings, which exceeded analyst expectations with an earnings per share (EPS) of $0.35, compared to the forecast of $0.34. The company's revenue for the quarter reached $1.2 billion, marking an 18% increase year-over-year, with a strong backlog of $5.44 billion, up 15% from the previous year. In addition to financial performance, Tetra Tech secured a $46 million contract with the U.S. Army Corps of Engineers to provide engineering and design services over three years. The company also announced its role in a joint venture to expand Ireland's water infrastructure, highlighting its international presence and expertise in water management. Furthermore, Tetra Tech expanded its European operations through the acquisition of Carron + Walsh, an Irish consulting firm, enhancing its project management capabilities. Despite these positive developments, the company's stock experienced a decline in after-hours trading, which might reflect investor concerns over future guidance or external factors. Looking ahead, Tetra Tech projects Q2 FY2025 net revenue between $1.0 and $1.1 billion, with full-year guidance set for $4.365-$4.765 billion.
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