Back to top

Analyst Blog

Tetra Tech Inc. (TTEK - Analyst Report) recently announced that it has won a contract worth $100 million from the U.S. Department of State. The indefinite delivery/indefinite quantity (ID/IQ) contract over a five-year ordering period is awarded to Tetra Tech’s subsidiary, PRO-telligent.

Per the contract, Tetra will assist in building and renovating the diplomatic facilities by providing the requisite architecture and engineering support services within the Overseas Buildings Operations section of the U.S. Department of State.

Recently, Tetra Tech was also awarded a $100 million ID/IQ contract from the U.S Department of Defense. Under the contract, Tetra Tech is required to provide environmental remediation services for projects at various locations, primarily within the Naval Facilities Engineering Command (NAVFAC) Atlantic area of responsibility (AOR).

In the just-reported quarter, Tetra Tech recorded second-quarter fiscal 2013 net income of $24.8 million or 38 cents per share compared to $22.3 million or 35 cents in the year-ago quarter. Despite a decent year-over-year increase, the reported earnings missed the Zacks Consensus Estimate by 2 cents. Total revenue in the reported quarter was $642.0 million compared with $624.3 million in the prior-year period.

The company is a leading player in providing services like consulting, engineering and program management.  Tetra Tech also supports the government and the commercial clients by providing solutions in environmental services, water, energy, infrastructure and natural resources.

Tetra Tech currently has a Zacks Rank#4  (Sell). Some other companies worth considering at the moment are Calgon Carbon Corporation (CCC - Analyst Report) with a Zacks Rank #1(Strong Buy), CECO Environmental Corp. (CECE - Snapshot Report) and Fuel-Tech, Inc. (FTEK - Snapshot Report), each carrying a Zacks Rank #2 (Buy).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UNITED THER… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%