Tetra Tech Inc (NASDAQ: TTEK) has reported earnings for its third fiscal quarter (ending June 30) of $1.60 versus $1.13 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.45 versus $5.69 for the same period a year ago.
Recent Price Action
Tetra Tech Inc (NASDAQ: TTEK) stock rose modestly by 0.8% on 7/31/24. The stock closed at $213.24. Moreover, trading volume in this advance was above average at 130% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.2% during the last week.
Current PriceTarget Research Rating
TTEK is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Tetra Tech has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Tetra Tech has a poor Appreciation Score of 19 but a very high Power Rating of 88, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment