Gold prices bounce off 3-week lows; demand likely longer term
In a challenging economic climate, Tetra Tech Inc. (NASDAQ:TTEK) stock has reached its 52-week low, dipping to $29.22. According to InvestingPro data, the company maintains a "GOOD" overall financial health score, with strong profitability metrics and a track record of raising dividends for 11 consecutive years. The environmental engineering and consulting firm has faced headwinds over the past year, with a 37% decline over the past six months. While the RSI suggests the stock is in oversold territory, analyst price targets range from $34 to $49, indicating potential upside. The 52-week low serves as a critical indicator for the company’s short-term outlook and potential rebound strategies in the face of ongoing industry and economic challenges. For deeper insights and additional ProTips about TTEK’s valuation and growth prospects, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Tetra Tech Inc. reported its first-quarter fiscal year 2025 earnings, exceeding analyst expectations with earnings per share (EPS) of $0.35, slightly above the forecast of $0.34. The company saw a significant 18% year-over-year increase in revenue, reaching $1.2 billion. Despite these positive results, Tetra Tech’s stock experienced a decline in after-hours trading. The company also announced a strong backlog of $5.44 billion, reflecting a 15% increase year-over-year. Looking ahead, Tetra Tech provided guidance for the second quarter, projecting net revenue between $1.0 and $1.1 billion. The company anticipates full-year net revenue of $4.365-$4.765 billion and adjusted EPS of $1.37-$1.52. Additionally, Tetra Tech’s plans for long-term growth include targeting an organic growth rate of 6-10% by 2030. The temporary hold on USAID contracts, which could impact revenue by $200 million in the first quarter and $400 million annually, remains a concern.
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