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Tetra Tech (TTEK) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2026-01-29 00:47
Core Viewpoint - Tetra Tech (TTEK) reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, with a year-over-year comparison showing no change in earnings per share [1] Group 1: Earnings Performance - The quarterly earnings surprise was +12.90%, with the previous quarter also showing a positive surprise of +12.5% [1][2] - Over the last four quarters, Tetra has consistently surpassed consensus EPS estimates [2] Group 2: Revenue Performance - Tetra reported revenues of $1.04 billion for the quarter ended December 2025, which was 6.60% above the Zacks Consensus Estimate, although it represents a decline from $1.2 billion in the same quarter last year [2] - The company has also exceeded consensus revenue estimates in each of the last four quarters [2] Group 3: Stock Performance and Outlook - Tetra shares have increased by approximately 11.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.9% [3] - The future performance of Tetra's stock will largely depend on management's commentary during the earnings call and the outlook for earnings estimates [3][4] Group 4: Earnings Estimates and Industry Outlook - The current consensus EPS estimate for the upcoming quarter is $0.30, with expected revenues of $980 million, while the estimate for the current fiscal year is $1.48 on $4.15 billion in revenues [7] - The Engineering - R and D Services industry, to which Tetra belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook [8]
Kohlberg Announces Sale of ENTRUST Solutions Group to Leidos for $2.4 Billion
Businesswire· 2026-01-26 11:15
Core Viewpoint - Kohlberg has entered into a definitive agreement to sell ENTRUST Solutions Group to Leidos for approximately $2.4 billion, marking a successful exit for Kohlberg after its acquisition of the company in 2019 and a minority recapitalization in 2023 [1]. Group 1 - The transaction value is approximately $2.4 billion [1]. - ENTRUST Solutions Group is identified as a leading consulting and engineering services platform [1]. - Kohlberg's previous acquisition of ENTRUST occurred in 2019, followed by a minority recapitalization in 2023 [1].
Tetra Tech Acquires Halvik Corp
Businesswire· 2026-01-22 14:03
Core Viewpoint - Tetra Tech, Inc. has acquired Halvik Corp to enhance its capabilities in high-end analytics and digital solutions, particularly in the areas of advanced data analytics, systems modernization, and cybersecurity for U.S. defense and civilian agencies [1] Group 1: Acquisition Details - The acquisition of Halvik Corp is aimed at expanding Tetra Tech's offerings in high-end consulting and engineering services [1] - Halvik is recognized for its advisory consulting services, which focus on advanced data analytics and cybersecurity [1] Group 2: Strategic Implications - This acquisition positions Tetra Tech to better serve U.S. defense and civilian agencies by integrating Halvik's expertise into its existing service portfolio [1] - The move reflects Tetra Tech's commitment to enhancing its digital solutions and analytics capabilities in the consulting sector [1]