Tetra Tech Inc. ($TTEK) Stock Forecast: Up 5.2% Today

What is Tetra Tech Inc.?

Tetra Tech, Inc. (TTEK) is a leading provider of consulting and engineering services in water, environment, and sustainable infrastructure. The company has been experiencing strong momentum in its segments and recently appointed John M. Douglas to its Board of Directors.

Why is Tetra Tech Inc. going up?

TTEK stock is up 5.2% on Aug 5, 2024 16:19

• TTEK stock experienced a bullish movement today.
• The appointment of John M. Douglas, a seasoned leader with over 40 years of experience, to the Board of Directors could have boosted investor confidence in the company's future direction.
• Tetra Tech's impressive Q3 earnings beat and raised guidance for 2024 likely contributed to the positive market sentiment.
• Additionally, the declaration of a dividend by Tetra Tech might have attracted income-seeking investors to the stock, further driving its bullish movement.

TTEK Price Chart

TTEK News

Tetra Tech Appoints John M. Douglas as New Board Member

Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the Board of Directors has appointed John M. Douglas as its newest Board Member. Mr. Douglas joins the Board effective September 30, 2024, and will serve on the Compensation and the Nominating and Corporate Governance Committees. Jetzt den vollständigen Artikel lesen

https://www.wallstreet-online.de/nachricht/18340666-tetra-tech-appoints-john-m-douglas-as-new-board-member

Tetra Tech Appoints John M. Douglas as New Board Member | TTEK Stock News

Tetra Tech appoints John M. Douglas to Board, bringing 40+ years of global leadership experience. Former CEO of RPS Group and Coffey International joins as Joanne M. Maguire retires. Learn how this impacts TTEK''s future.

https://www.stocktitan.net/news/TTEK/tetra-tech-appoints-john-m-douglas-as-new-board-no4hiecmiqk6.html

Tetra Tech Beats on Q3 Earnings, Raises 2024 Guidance - Tetra Tech ( NASDAQ:TTEK )

Tetra Tech, Inc. TTEK reported third-quarter fiscal 2024 ( ended Jun 30, 2024 ) adjusted earnings of $1.59 per share, which surpassed the Zacks Consensus Estimate of $1.54. The bottom line surged 42% year over year, driven by the strong momentum in each of its segments.

https://www.benzinga.com/news/earnings/24/08/40100345/tetra-tech-beats-on-q3-earnings-raises-2024-guidance

Tetra Tech ( TTEK ) Beats on Q3 Earnings, Raises 2024 Guidance

Tetra Tech's (TTEK) fiscal third-quarter 2024 results reflect growth across each of its segments. Management raises its revenue and earnings per share view for fiscal 2024.

https://www.zacks.com/stock/news/2313912/tetra-tech-ttek-beats-on-q3-earnings-raises-2024-guidance

Tetra Tech declares $0.29 dividend

No summary available.

https://seekingalpha.com/news/4131862-tetra-tech-declares-029-dividend?feed_item_type=news

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Tetra Tech Inc. Price History

28.05.2024 - TTEK Stock was down 5.2%

• Tetra Tech securing an additional $84 million deal from USAID to enhance energy security in the Republic of Moldova did not positively influence the stock's performance today.
• Concerns may have arisen among investors following Vice President Kamala Harris' focus on environmental justice and greenwashing, possibly signaling worries about regulatory scrutiny or heightened competition in the environmental services industry, resulting in a downtrend for Tetra Tech.
• Investors might be wary of Tetra Tech's future outlook given the increasing importance placed on environmental policies and regulations, potentially leading to adverse effects on the company's operations and profitability.

17.07.2023 - TTEK Stock was down 5.0%

• Tetra Tech announced a proposed private placement of $500M of convertible senior notes, which might have caused uncertainty and selling pressure on the stock.
• The coverage initiation by StockNews.com with a "hold" rating could have also contributed to the bearish movement as investors may have been cautious.
• The news about Republic Services seeing an upgrade in its Relative Strength Rating and the release of stock picks from Wall Street's most accurate analysts are not directly related to Tetra Tech's bearish movement.

16.10.2023 - TTEK Stock was up 2.2%

• Tetra Tech reported record financial results for Q4 and the fiscal year, beating earnings and sales estimates.
• The stock gained 4% following the Q4 beat, indicating positive investor sentiment.
• The solid segmental performances contributed to the gains in TTEK's stock.
• The company's EPS of $1.78 surpassed estimated earnings by 24.48%.
• Overall, Tetra Tech's strong financial performance and beating expectations in Q4 led to a bullish movement in TTEK's stock.

06.01.2024 - TTEK Stock was up 4.0%

• Tetra Tech's stock had a strong bullish movement today, supported by positive news and announcements.
• Financial Counselors Inc. increased its holdings in Tetra Tech, indicating confidence in the company's future prospects.
• Royal Bank of Canada raised the price target for TTEK, suggesting optimism about its performance.
• Tetra Tech reported robust Q1 earnings and raised its guidance for fiscal 2024, indicating strong growth and positive momentum.
• Overall, the bullish market movement for TTEK can be attributed to the company's positive financial performance, increased investor confidence, and optimistic outlook for the future.

23.05.2023 - TTEK Stock was down 2.2%

• TTEK had a strong bearish movement today.
• The news articles do not provide a clear reason for the market movement, but they do suggest that there has been some activity in TTEK's stock recently, with Natixis increasing its position and ST Germain D J Co. Inc. making a new investment.
• It is possible that investors are reacting to the uncertainty around TTEK's future performance, given the mixed news about the company's holdings and dividend increases.

15.10.2023 - TTEK Stock was up 5.0%

• Tetra Tech is expected to announce strong Q4 earnings results, with a consensus EPS estimate of $1.44 and revenue estimate of $986.98M. This positive expectation could have contributed to the bullish movement in the stock.
• The company has been awarded a $33M task order by the US Army Corps of Engineers to design a new navigation lock on the Illinois River, which enhances inland navigation. This contract win could have further boosted investor confidence in Tetra Tech.
• TimesSquare Capital Management LLC decreased its stake in Tetra Tech, Inc., which could have initially caused some selling pressure on the stock. However, this did not seem to have a significant impact on the overall bullish movement.
• The article mentioning AI stocks becoming trillion-dollar companies is not directly related to Tetra Tech's market movement.
• Overall, the positive earnings expectations and the contract win with the US Army Corps of Engineers likely contributed to the bullish movement in Tetra Tech's stock.

05.07.2024 - TTEK Stock was up 5.2%

• TTEK stock experienced a bullish movement today.
• The appointment of John M. Douglas, a seasoned leader with over 40 years of experience, to the Board of Directors could have boosted investor confidence in the company's future direction.
• Tetra Tech's impressive Q3 earnings beat and raised guidance for 2024 likely contributed to the positive market sentiment.
• Additionally, the declaration of a dividend by Tetra Tech might have attracted income-seeking investors to the stock, further driving its bullish movement.

01.07.2024 - TTEK Stock was down 2.6%

• Tetra Tech outperformed in Q3 earnings and raised its guidance for 2024. However, investors may have engaged in profit-taking following a period of growth.
• The company's robust Q3 performance and increased guidance potentially raised expectations, prompting some investors to sell off, resulting in the bearish movement.
• It's likely that external factors affecting the overall market or industry sentiment overshadowed Tetra Tech's optimistic results and outlook, causing the market shift.
• Investors could be adjusting their portfolios in response to general market trends or sector rotations, impacting Tetra Tech's bearish movement despite positive financial performance.