Tetra Tech (NASDAQ:TTEK) Updates Q4 2026 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) updated its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.450-0.480 for the period, compared to the consensus estimate of 0.460. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Tetra Tech also updated its FY 2026 guidance to 1.560-1.590 EPS.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TTEK. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada decreased their target price on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Robert W. Baird set a $37.00 price target on Tetra Tech in a research note on Thursday. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Finally, National Bank Financial lowered their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.20.

Tetra Tech Stock Down 2.7%

Tetra Tech stock traded down $0.90 during midday trading on Thursday, hitting $32.88. 2,951,443 shares of the stock were exchanged, compared to its average volume of 3,168,928. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech has a 1 year low of $25.81 and a 1 year high of $43.14. The company has a 50 day moving average price of $29.30 and a two-hundred day moving average price of $32.08. The firm has a market cap of $8.53 billion, a P/E ratio of 19.70 and a beta of 0.92.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.Tetra Tech’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. On average, sell-side analysts predict that Tetra Tech will post 1.54 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a $0.072 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. Tetra Tech’s dividend payout ratio (DPR) is 17.37%.

Insider Buying and Selling

In related news, Director Jeffrey R. Feeler bought 1,900 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the transaction, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

More Tetra Tech News

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

• Positive Sentiment: Third-quarter results beat expectations. Tetra Tech reported adjusted EPS of $0.42, above the $0.40 consensus estimate, while revenue reached $1.31 billion. Net revenue was $1.11 billion, and net revenue increased 8% year over year excluding USAID/Department of State work and episodic disaster-response activity. Tetra Tech Reports Strong Third Quarter 2026 Results
• Positive Sentiment: Backlog and core markets remained strong. Backlog increased 5% sequentially to $4.49 billion, supported by project wins in water infrastructure, defense and digital automation. This provides better visibility into future revenue and suggests demand remains healthy in Tetra Tech’s key businesses. Tetra Tech Q3 Earnings Beat Estimates on Core Market Growth
• Positive Sentiment: Fiscal 2026 EPS guidance was raised. The company now expects full-year EPS of $1.56 to $1.59, above the approximately $1.54 analyst consensus. Fourth-quarter EPS guidance of $0.45 to $0.48 also brackets or exceeds the $0.46 consensus midpoint. Tetra Tech Boosts Guidance Amid Strong Q3 Performance
• Neutral Sentiment: Dividend payment confirmed. Tetra Tech declared a quarterly dividend of $0.072 per share, payable August 27 to shareholders of record August 13. The dividend represents an annualized payout of $0.288 per share and an indicated yield of about 0.9%, offering modest income support.
• Negative Sentiment: Reported revenue and EPS were slightly weaker year over year. Quarterly revenue declined 4.4% from the prior-year period, while EPS fell from $0.43 to $0.42. Fourth-quarter revenue guidance of approximately $1.1 billion to $1.2 billion was generally consistent with expectations, limiting the potential for an additional near-term catalyst.

Hedge Funds Weigh In On Tetra Tech

A number of large investors have recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in shares of Tetra Tech during the 4th quarter valued at $225,000. AQR Capital Management LLC grew its stake in Tetra Tech by 451.6% in the first quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after purchasing an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Tetra Tech by 136.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after purchasing an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Tetra Tech by 754.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,638 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

About Tetra Tech

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.