Tetra Tech Soars 2.41% on Strong Earnings, Guidance

Tetra Tech's stock price surged to its highest level since February 2025 today, with an intraday gain of 2.41%.

The strategy of buying TTEK shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 9.16% annualized return and 66.88% of months experiencing positive returns. However, the maximum drawdown of 23.55% highlights its vulnerability during market downturns.

Tetra Tech's recent stock price movements can be attributed to several factors. The company reported strong Q2 earnings and revenue growth, with revenues reaching $1.32 billion, a 5.6% year-over-year increase. Additionally, Tetra Tech has raised its fiscal year 2025 guidance, including a 12% increase in its quarterly dividend and an expansion of its stock repurchase program by $500 million. KeyBanc has also increased Tetra Tech's price target from $34 to $41, citing a reduced risk profile and promising growth prospects. Furthermore, Tetra Tech has projected its fiscal year net revenue to be between $4.40 billion and $4.77 billion, with earnings per share (EPS) expected to be higher than previous estimates. These factors collectively contribute to the positive outlook and analyst recommendations for Tetra Tech.