Tetra Tech gains on upbeat revenue forecast

By Reuters News

** Shares of consulting and engineering services company Tetra Tech TTEK.O up 4.6% to $39.32 in morning trading

** The Pasadena, California-based co forecasts FY27 revenue of $4.43 bln to $4.63 bln, with the midpoint surpassing analysts' average estimate of $4.48 bln, according to data compiled by LSEG

** Reports Q4 adj. EPS of 49 cents, above analysts' expectations of 47 cents

** Posts Q4 revenue of 1.34 bln, above analysts' expectations of 1.15 bln

** Increasing demand for its technical services in water and environmental programs, coupled with growth in resilient infrastructure projects drove TTEK's strong results, co says

** Stock is trading above its 200-day moving average since Oct 7

** Six of nine analysts that follow the stock rate it a "buy" or "strong buy," while three rate it a "hold"; 12-mo median PT on the stock is $41.00 — LSEG data

** TTEK up 17.2% YTD,including session's moves and outperforming the Nasdaq's .IXIC 9.6% gain

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