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Tetra Tech: Waiting for ARRA! – Analyst Blog

Zacks Market Commentaries (May 1st, 2009) Writes:
Tetra Tech, Inc. (TTEK) had predicted that Q2-09 EPS would be in the range of 24¢ to 26¢; the precise, actual number was 31.6¢, which included 5.5¢ from the impact of an IRS tax settlement, which, if excluded from the results, brings the remainder down to 26.1¢.Such accuracy is indeed commendable -- and especially noteworthy -- for a hi-tech company the ilk of TTEK. However, on a slightly less-accurate basis, 26¢ is but 13.0% higher than the 23¢ reported in Q2-08. In Q1-09, EPS were up 22.7%. Consequently, a bit of slowing can be detected in these numbers, part of which can be attributed to the recent Wardrop acquisition. However, if we drill down further into the results, we find that there are other similar indicators.Specifically, Q2-09 Revenues of $522.3 million were up by 13.2%, while Revenues in Q1-09 rose by 35.8%. If we ...

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