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Tetra Tech Q4 Results Were Ahead of Estimates

Tetra Tech, Inc. (NASDAQ:TTEK) reported its Q4 results, which were ahead of Street estimates on net revenue, adjusted income from operations, and adjusted EPS. The company benefited from strong growth across all segments of the business. Overall, while management’s 2022 guidance is in line with current expectations, the analysts at Berenberg Bank believe the momentum the company is seeing will continue into 2022 and expect upgrades to guidance. Management noted that the new administration is providing a supportive environment, particularly in State & Local and sees a significant opportunity from Biden’s infrastructure bill.