Tetra Tech Analysts Boost Their Forecasts After Upbeat Results
Tetra Tech Analysts Boost Their Forecasts After Upbeat Results
Tetra Tech, Inc. (NASDAQ:TTEK) reported better-than-expected second-quarter financial results after the closing bell on Wednesday.
利樂科技公司（納斯達克股票代碼：TTEK）在週三收盤後公佈的第二季度財務業績好於預期。
Tetra Tech posted adjusted earnings of $1.42 per share, beating market estimates of $1.29 per share. The company's quarterly sales came in $1.05 billion versus expectations of $1.03 billion, according to data from Benzinga Pro.
利樂科技公佈調整後的每股收益爲1.42美元，超過了市場預期的每股1.29美元。根據Benzinga Pro的數據，該公司的季度銷售額爲10.5億美元，而預期爲10.3億美元。
Dan Batrack, Chairman and CEO, commented, "Tetra Tech continued our strong performance through the second quarter, including the expansion of our margins in GSG by 170 basis points and CIG by 320 basis points over the second quarter of last year. With increased profitability and record second quarter backlog, we are raising our full year guidance for net revenue and earnings, which represents forecasted EPS growth of 22% for fiscal 2024. We are looking forward to sharing our long-term strategy and 2030 vision for further revenue growth and margin expansion at our upcoming inaugural Investor Day on May 14th."
董事長兼首席執行官丹·巴特拉克評論說：“利樂科技在第二季度一直保持強勁的表現，包括我們在GSG的利潤率比去年第二季度增長了170個點子，CIG的利潤率增長了320個點子。隨着盈利能力的提高和創紀錄的第二季度待辦事項，我們正在上調全年淨收入和收益預期，這意味着2024財年的每股收益預計將增長22％。我們期待在即將於5月14日舉行的首屆投資者日上分享我們的長期戰略和2030年願景，以進一步實現收入增長和利潤擴大。”
Tetra Tech said it sees FY24 earnings of $6.25 per share, versus market estimates of $6.87 per share. The company expects revenue of $4.31 billion versus expectations of $4.59 billion.
利樂科技表示，預計24財年每股收益爲6.25美元，而市場預期爲每股6.87美元。該公司預計收入爲43.1億美元，而預期爲45.9億美元。
Tetra Tech shares rose 2% to trade at $207.99 on Friday.
週五，利樂科技股價上漲2％，至207.99美元。
These analysts made changes to their price targets on Tetra Tech following earnings announcement.
業績公佈後，這些分析師更改了利樂科技的目標股價。
- Maxim Group raised the price target on Tetra Tech from $230 to $234. Maxim Group analyst Tate Sullivan maintained a Buy rating.
- RBC Capital boosted the price target on Tetra Tech from $203 to $233. RBC Capital analyst Sabahat Khan maintained an Outperform rating.
- Keybanc increased the price target on Tetra Tech from $209 to $219. Keybanc analyst Sangita Jain maintained an Overweight rating.
- 馬克西姆集團將利樂科技的目標股價從230美元上調至234美元。馬克西姆集團分析師泰特·沙利文維持買入評級。
- 加拿大皇家銀行資本將利樂科技的目標股價從203美元上調至233美元。加拿大皇家銀行資本分析師薩巴哈特·汗維持跑贏大盤的評級。
- Keybanc將利樂科技的目標股價從209美元上調至219美元。Keybanc分析師桑吉塔·賈恩維持增持評級。
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