Tetra Tech, Inc. TTEK recently announced that it has secured a $39.3 million contract from the United States Agency for International Development (“USAID”). The latest deal will involve the company supporting USAID’s Engendering Industries program.
Embarking on a quest to level the playing field, Tetra Tech will amplify the chorus for gender equality and women’s economic empowerment in various sectors worldwide. The echo of progress will resonate across water, infrastructure, power, transportation, and information and communications technology.
Steering the ship of change management, Tetra Tech’s professionals are set to revolutionize gender dynamics and carve out economic pathways for women on a global scale. Since 2018, within the red-bricked halls of the Engendering Industries program, TTEK has been a trusted steward, offering a beacon of support to over 68 entities in 39 nations.
Tetra Tech’s Recent Dealings and Beyond
In a symphony of growth, Tetra Tech has recently bagged a series of high-stakes contracts. In the summer of July 2024, an electric $73 million venture from the USAID pledged to illuminate 18 nations in West Africa. March 2024 bestowed upon them a $375 million symphony under the wing of the National Aeronautics and Space Administration (“NASA”). This opus will see Tetra Tech conducting environmental restorations and compliance serenades at NASA facilities across the States.
The dawn of January 2024 witnessed Tetra Tech clinching a $34 million contract from the USAID, rallying behind the USAID Integrated Land and Resource Governance II project. This venture seeks to harmonize sustainable economic development through a refined lens of land rights governance. An aria worth $24 million was secured simultaneously, echoing through the Cambodian wilderness as Tetra Tech pledged to safeguard biodiversity and natural treasures.
Market Sentiment and not a Note of Discord
Image Source: Zacks Investment Research
Tetra Tech currently serenades with a Zacks Rank #2 (Buy). Savvy investors witnessed the company’s shares crescendoing at 50.1% in the last year, a standing ovation amidst the industry’s 11% decline.
Harmonious Performances in the Market Orchestra
Other virtuosos worthy of a standing ovation in the same theater include:
Flowserve Corporation FLS, carrying a harmonious Zacks Rank of 2.
The melodious notes of FLS are accompanied by a trailing four-quarter average earnings surprise of 18.2%. Recent whispers in the wind suggest a 3.8% increase in the Zacks Consensus Estimate for Flowserve’s 2024 earnings.
Crane Company CR is another star in this side of the symphony, basking in the radiance of a Zacks Rank of 2. Their harmonious melodies have resonated with an 11.2% trailing four-quarter earnings surprise.
As the notes of time flutter by, whispers carry the Zacks Consensus Estimate for CR’s 2024 earnings to a serene rise of 2%.
Parker-Hannifin Corporation PH stands tall with a Zacks Rank of 2. The symphony of PH boasts a trailing four-quarter average earnings surprise of 2.6%.
As the heartbeats of time syncopate, the whispers of the consensus estimate for Parker-Hannifin’s fiscal 2025 earnings bellow a harmonious 1.1% increase.