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

Tetra Tech (NASDAQ:TTEK) issued an update on its second 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 0.310. 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TTEK shares. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. National Bank Financial started coverage on Tetra Tech in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Robert W. Baird set a $43.00 price target on Tetra Tech in a research note on Thursday. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.60.

Tetra Tech Trading Up 1.7%

TTEK traded up $0.63 during trading on Thursday, hitting $37.73. The company’s stock had a trading volume of 625,630 shares, compared to its average volume of 1,949,377. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $9.85 billion, a PE ratio of 40.24 and a beta of 0.90. The firm’s 50 day moving average price is $34.98 and its 200-day moving average price is $35.14. Tetra Tech has a twelve month low of $27.27 and a twelve month high of $40.88.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Tetra Tech had a net margin of 4.55% and a return on equity of 25.79%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $974.28 million. During the same period in the previous year, the company posted $0.35 earnings per share. Tetra Tech’s revenue was down 13.4% compared to the same quarter last year. 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. On average, analysts expect that Tetra Tech will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a $0.065 dividend. The ex-dividend date is Thursday, February 12th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech’s dividend payout ratio (DPR) is 27.96%.

Key Stories Impacting Tetra Tech

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

• Positive Sentiment: Q1 results beat expectations — TTEK reported $0.35 EPS (vs. $0.31 consensus) and revenue of $1.21B, driven by improved net revenue and margins; the company highlighted operating income of $141M and adjusted EBITDA of $147M. Tetra Tech Reports Strong First Quarter 2026 Results and Raises Fiscal Year 2026 Guidance
• Positive Sentiment: Raised FY‑2026 guidance — management nudged full‑year EPS guidance to $1.46–$1.56 and raised net revenue guidance (range roughly in line with consensus), signaling confidence in the back half of the year. Tetra Tech Reports Strong First Quarter 2026 Results and Raises Fiscal Year 2026 Guidance
• Positive Sentiment: Dividend increase — TTEK raised its quarterly dividend 12% to $0.065 per share (annualized yield ~0.7%); ex‑dividend date Feb 12 and payable Feb 27, which supports income‑oriented investors and signals board confidence. Tetra Tech raises quarterly dividend 12% to $0.065 per share
• Positive Sentiment: Strategic partnership — Tetra Tech Canada signed an MoU with Westinghouse to collaborate on AP1000® and AP300™ nuclear new‑build projects in Ontario, expanding potential large‑scale infrastructure work. Westinghouse and Tetra Tech Canada Sign Agreement for Nuclear New-Build Projects
• Neutral Sentiment: Q2 guidance in line — Q2 EPS guidance of $0.300–$0.330 overlaps the Street (~$0.31) and revenue guidance is close to consensus, implying no major near‑term upside surprise.
• Negative Sentiment: Revenue is down year‑over‑year — reported revenue declined ~13.4% vs. prior year (though net revenue excluding certain items was better), which highlights cyclicality and near‑term top‑line pressure. Tetra Tech Reports Strong First Quarter 2026 Results and Raises Fiscal Year 2026 Guidance

Institutional Investors Weigh In On Tetra Tech

Several institutional investors and hedge funds have recently modified their holdings of TTEK. Brighton Jones LLC bought a new stake in Tetra Tech in the fourth quarter valued at about $225,000. AQR Capital Management LLC increased its holdings in shares of 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 during the last quarter. Goldman Sachs Group Inc. lifted 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 worth $48,507,000 after purchasing an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Tetra Tech by 136.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Tetra Tech by 754.8% during the 2nd 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 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.