Shares of Tetra Tech (TTEK) are soaring 10.98% in early trading on Thursday, building on the momentum from its pre-market gains following the release of its better-than-expected first-quarter earnings report. The environmental services and engineering consulting firm's strong financial performance has ignited investor enthusiasm, driving the stock to significant gains.

For the quarter ended March 31, Tetra Tech reported impressive results that exceeded analyst estimates. The company's adjusted earnings came in at $0.33 per share, surpassing the mean analyst expectation of $0.31 per share and showing substantial growth from the $0.28 per share reported in the same quarter last year. Revenue also impressed, climbing 4.9% year-over-year to reach $1.10 billion, comfortably beating the Wall Street forecast of $1.04 billion.

This marks Tetra Tech's fourth consecutive quarter of earnings beats, demonstrating the company's ability to maintain its growth trajectory despite challenging economic conditions. The strong market reaction is particularly noteworthy given the stock's 23.3% year-to-date decline prior to this report, suggesting that investors view these results as a potential turning point. With analysts maintaining a consensus "buy" rating and a median 12-month price target of $36.00, Tetra Tech appears well-positioned for potential future gains, further fueling the current stock rally.