Tetra Tech (NASDAQ:TTEK) Updates Q1 2026 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.300-0.330 for the period, compared to the consensus estimate of 0.400. The company issued revenue guidance of $950.0 million-$1.0 billion, compared to the consensus revenue estimate of $1.1 billion. Tetra Tech also updated its FY 2026 guidance to 1.400-1.550 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TTEK shares. National Bank Financial began coverage on Tetra Tech in a report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price objective on the stock. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the company an “outperform” rating in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, October 8th. KeyCorp upped their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.00.

Tetra Tech Trading Up 1.5%

NASDAQ:TTEK traded up $0.47 during trading hours on Wednesday, hitting $32.46. The company had a trading volume of 2,310,082 shares, compared to its average volume of 2,378,282. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The company has a market cap of $8.53 billion, a P/E ratio of 40.57 and a beta of 0.96. The company has a 50-day moving average of $33.94 and a 200 day moving average of $35.11. Tetra Tech has a 1 year low of $27.27 and a 1 year high of $48.30.

Insider Activity

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director directly owned 37,725 shares in the company, valued at $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

Several hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC increased its position in shares of Tetra Tech by 84.9% in the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after buying an additional 1,847,087 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Tetra Tech by 57.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,396,981 shares of the industrial products company’s stock valued at $86,195,000 after acquiring an additional 873,172 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Tetra Tech by 136.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after acquiring an additional 957,050 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Tetra Tech by 109.4% during the 2nd quarter. Quantinno Capital Management LP now owns 792,149 shares of the industrial products company’s stock worth $28,486,000 after purchasing an additional 413,890 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Tetra Tech by 4.5% during the second quarter. California Public Employees Retirement System now owns 506,129 shares of the industrial products company’s stock worth $18,200,000 after purchasing an additional 21,565 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.