Tetra Tech (NASDAQ:TTEK) Releases Q2 2026 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.300-0.330 for the period, compared to the consensus EPS estimate of 0.310. The company issued revenue guidance of $975.0 million-$1.0 billion, compared to the consensus revenue estimate of $979.5 million. Tetra Tech also updated its FY 2026 guidance to 1.460-1.560 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Robert W. Baird raised their target price on Tetra Tech from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. National Bank Financial began coverage on shares of Tetra Tech in a report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 target price (up from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Finally, Northcoast Research raised Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.20.

Tetra Tech Stock Down 0.6%

Shares of NASDAQ:TTEK traded down $0.23 during mid-day trading on Wednesday, reaching $37.10. 2,679,391 shares of the stock were exchanged, compared to its average volume of 1,740,872. The stock’s 50 day simple moving average is $34.98 and its 200-day simple moving average is $35.14. Tetra Tech has a one year low of $27.27 and a one year high of $38.78. The company has a market cap of $9.69 billion, a P/E ratio of 39.89 and a beta of 0.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $974.28 million. Tetra Tech had a return on equity of 25.79% and a net margin of 4.55%.The business’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. As a group, equities research analysts predict that Tetra Tech will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, December 1st. Tetra Tech’s dividend payout ratio is presently 27.96%.

Tetra Tech News Summary

Here are the key news stories impacting Tetra Tech this week:

• Positive Sentiment: Q1 results beat expectations — TTEK reported $0.35 EPS vs. the $0.31 consensus and revenue of $1.21B, well above estimates, signaling solid top‑line execution. Tetra Tech (TTEK) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management raised FY‑2026 guidance — the company updated FY net revenue and EPS ranges (FY EPS 1.460–1.560 and revenue ~$4.2–4.3B), which supports forward growth expectations. Tetra Tech Reports Strong First Quarter 2026 Results and Raises Fiscal Year 2026 Guidance
• Positive Sentiment: Margin and cash‑flow signals improved — operating income of $141M and adjusted EBITDA of $147M show margin expansion and improved profitability metrics for the quarter. Tetra Tech Reports Strong First Quarter 2026 Results and Raises Fiscal Year 2026 Guidance
• Positive Sentiment: Strategic partnership opportunity — Tetra Tech Canada signed an MoU with Westinghouse to support AP1000/AP300 nuclear new‑build projects in Ontario, which could create larger engineering backlog opportunities over time. Westinghouse and Tetra Tech Canada Sign Agreement for Nuclear New‑Build Projects
• Neutral Sentiment: Q2 guidance roughly in line — the Q2 EPS range (0.300–0.330) and revenue range (~$975M–$1.0B) are close to Street expectations, suggesting no large near‑term upside from the guide alone. Tetra Tech (TTEK) Surpasses Q1 Earnings and Revenue Estimates
• Negative Sentiment: Why shares dipped despite the beat — potential profit‑taking after the beat, valuation concerns (P/E near ~40), and guidance that largely tracks consensus can prompt a modest pullback even on good results. Market reaction may also reflect investors looking for stronger near‑term upside in guidance or clearer visibility on backlog conversion. Tetra Tech Stock Profile and Metrics

Hedge Funds Weigh In On Tetra Tech

Several hedge funds and other institutional investors have recently made changes to their positions in TTEK. Geneos Wealth Management Inc. grew its position in Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares in the last quarter. Danske Bank A S bought a new stake in shares of Tetra Tech during the 3rd quarter valued at $53,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Tetra Tech by 84.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,755 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 801 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Tetra Tech by 754.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 1,638 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Tetra Tech by 22.6% in the third quarter. Brown Brothers Harriman & Co. now owns 4,626 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 853 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Company Profile

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.