We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tetra Tech Wins $46 Million Single-Award Contract From TAM
Read MoreHide Full Article
Tetra Tech, Inc. (TTEK - Free Report) recently announced that it has clinched a $46-million single-award contract from the U.S. Army Corps of Engineers, Transatlantic Middle East District (TAM). The five-year deal will involve Tetra Tech to offer engineering design services that would support the U.S. Central Command and TAM missions throughout the world.
Tetra Tech will be responsible for providing technical design services to existing, new facilities and infrastructure improvement projects. The company’s architects and engineers will dispense support services in every phase of the project life cycle. These phases include planning and program development through final design and engineering services during the course of construction.
Notably, this contract vehicle has involved Tetra Tech to deliver architect-engineer services to the U.S. Army Corps of Engineers, Middle East District for the past decade. As a matter of fact, the latest deal will further enhance the company’s long-standing partnership with the U.S. military.
Existing Business Scenario
Tetra Tech is bullish about its growth potential across all four client sectors, namely, U.S. federal, U.S. state and local, U.S. commercial and finally, the international. Based on the growth rate forecast for the U.S. federal markets, the company expects sales from these markets to rise at 5% rate for fiscal 2019 (ending September 2019).
Also, in a bid to maximize its growth prospects, the company is currently focusing on high-end consulting and engineering services that are helping it promote high value and high margin business, thereby differentiating it from peers in the marketplace.
In the past three months, shares of the company have surged 33.6% compared with the industry’s increase of 6.1%.
Additionally, Tetra Tech expects solid opportunities across the globe to boost its international revenues. For fiscal 2019, the company expects a 10% growth rate with its international clients, particularly in Canada and Asia Pacific region. Further, infrastructure and industrial work in Canada plus commercial and environmental programs in the United States are likely to supplement the company’s top line.
Zacks Rank & Other Stocks to Consider
Tetra Tech currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks from the Zacks Industrial Products sector are CECO Environmental Corporation , Energy Recovery, Inc. (ERII - Free Report) and Brady Corporation (BRC - Free Report) . While CECO Environmental and Energy Recovery currently sport a Zacks Rank #1 (Strong Buy), Brady carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
CECO Environmental delivered average positive surprise of 25.00% in the trailing four quarters.
Energy Recovery pulled off average positive surprise of 225.00% in the last four quarters.
Brady came up with average beat of 9.22% in the preceding four quarters.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Image: Bigstock
Tetra Tech Wins $46 Million Single-Award Contract From TAM
Tetra Tech, Inc. (TTEK - Free Report) recently announced that it has clinched a $46-million single-award contract from the U.S. Army Corps of Engineers, Transatlantic Middle East District (TAM). The five-year deal will involve Tetra Tech to offer engineering design services that would support the U.S. Central Command and TAM missions throughout the world.
Tetra Tech will be responsible for providing technical design services to existing, new facilities and infrastructure improvement projects. The company’s architects and engineers will dispense support services in every phase of the project life cycle. These phases include planning and program development through final design and engineering services during the course of construction.
Notably, this contract vehicle has involved Tetra Tech to deliver architect-engineer services to the U.S. Army Corps of Engineers, Middle East District for the past decade. As a matter of fact, the latest deal will further enhance the company’s long-standing partnership with the U.S. military.
Existing Business Scenario
Tetra Tech is bullish about its growth potential across all four client sectors, namely, U.S. federal, U.S. state and local, U.S. commercial and finally, the international. Based on the growth rate forecast for the U.S. federal markets, the company expects sales from these markets to rise at 5% rate for fiscal 2019 (ending September 2019).
Also, in a bid to maximize its growth prospects, the company is currently focusing on high-end consulting and engineering services that are helping it promote high value and high margin business, thereby differentiating it from peers in the marketplace.
In the past three months, shares of the company have surged 33.6% compared with the industry’s increase of 6.1%.
Additionally, Tetra Tech expects solid opportunities across the globe to boost its international revenues. For fiscal 2019, the company expects a 10% growth rate with its international clients, particularly in Canada and Asia Pacific region. Further, infrastructure and industrial work in Canada plus commercial and environmental programs in the United States are likely to supplement the company’s top line.
Zacks Rank & Other Stocks to Consider
Tetra Tech currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks from the Zacks Industrial Products sector are CECO Environmental Corporation , Energy Recovery, Inc. (ERII - Free Report) and Brady Corporation (BRC - Free Report) . While CECO Environmental and Energy Recovery currently sport a Zacks Rank #1 (Strong Buy), Brady carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
CECO Environmental delivered average positive surprise of 25.00% in the trailing four quarters.
Energy Recovery pulled off average positive surprise of 225.00% in the last four quarters.
Brady came up with average beat of 9.22% in the preceding four quarters.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>