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Louisbourg Investments Inc. trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 32.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,867 shares of the industrial products company’s stock after selling 48,394 shares during the quarter. Louisbourg Investments Inc.’s holdings in Tetra Tech were worth $3,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. OP Asset Management Ltd bought a new position in Tetra Tech in the first quarter valued at about $34,000. Evelyn Partners Investment Management Services Ltd purchased a new position in Tetra Tech in the first quarter worth about $35,000. Mather Group LLC. boosted its position in Tetra Tech by 562.0% in the third quarter. Mather Group LLC. now owns 1,377 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 1,169 shares during the last quarter. Globeflex Capital L P purchased a new position in Tetra Tech in the second quarter worth about $72,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Tetra Tech by 581.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,065 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 2,615 shares during the period. Institutional investors own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth Several equities research analysts have recently commented on the stock. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday. National Bank Financial dropped their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Weiss Ratings raised shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Royal Bank Of Canada cut their target price on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

View Our Latest Research Report on Tetra Tech Tetra Tech Trading Up 1.0% Tetra Tech stock opened at $34.96 on Wednesday. The firm has a 50 day moving average of $35.23 and a 200 day moving average of $31.95. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 22.20 and a beta of 0.95. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $0.43 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. 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. As a group, research analysts predict that Tetra Tech, Inc. will post 1.58 earnings per share for the current year.

Tetra Tech Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.0720 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.29 annualized dividend and a yield of 0.8%. Tetra Tech’s dividend payout ratio is currently 17.47%.

Tetra Tech Profile (Free Report)

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, environmental resources, infrastructure and energy. Its work includes planning, design, engineering, program management, construction management and technical consulting.

The company provides services related to water supply and treatment, environmental remediation, climate and disaster resilience, sustainable infrastructure, energy development, high-performance buildings and natural resource management.

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PASADENA, Calif.--(BUSINESS WIRE)-- #environment--Tetra Tech, Inc. (NASDAQ: TTEK), a global provider of high-end technical and engineering services, Leading with Science® in water, environment and sustainable infrastructure, announced today the promotions of Lauren Springer to President of the Government Services Group and David Bohmann to President of the Commercial/International Group, our two reporting segments. “Lauren and David are exceptional leaders who combine deep technical expertise with a strong re.

PASADENA, Calif.--(BUSINESS WIRE)-- #balancedcapitalallocation--Tetra Tech, Inc. (NASDAQ: TTEK), a global provider of high-end technical and engineering services, Leading with Science® in water, environment and sustainable infrastructure, announced today that its Board of Directors approved an additional $500 million share repurchase authorization. This more than doubles the amount remaining under the Company's existing share repurchase program at the end of the third quarter of fiscal 2026, increasing total available share.

PASADENA, Calif.--(BUSINESS WIRE)-- #EPA--Tetra Tech, Inc. (NASDAQ: TTEK), a global provider of high-end technical and engineering services, Leading with Science® in water, environment and sustainable infrastructure, announced today that the U.S. Environmental Protection Agency's Office of Brownfields and Land Revitalization selected Tetra Tech for a $16.8 million contract to provide planning, engineering design, and technical support for its national Land Revitalization Program.Under the 4-year contra.

Great Lakes Advisors LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,325 shares of the industrial products company’s stock, valued at approximately $443,000.

A number of other hedge funds also recently bought and sold shares of the company. Optas LLC raised its position in Tetra Tech by 2.6% during the first quarter. Optas LLC now owns 12,803 shares of the industrial products company’s stock valued at $386,000 after buying an additional 330 shares during the period. CIBC Private Wealth Group LLC boosted its position in Tetra Tech by 63.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 341 shares during the period. Larson Financial Group LLC boosted its position in Tetra Tech by 26.9% during the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 358 shares during the period. Parallel Advisors LLC grew its stake in Tetra Tech by 8.1% during the 1st quarter. Parallel Advisors LLC now owns 4,799 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 359 shares in the last quarter. Finally, Groupe la Francaise grew its stake in Tetra Tech by 4.3% during the 4th quarter. Groupe la Francaise now owns 12,000 shares of the industrial products company’s stock valued at $402,000 after acquiring an additional 500 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance Shares of NASDAQ TTEK opened at $37.00 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The business’s 50-day moving average price is $31.86 and its two-hundred day moving average price is $31.87. The company has a market capitalization of $9.47 billion, a P/E ratio of 22.29 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last 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. Analysts anticipate that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year. Tetra Tech Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is presently 17.47%.

Analyst Upgrades and Downgrades A number of analysts have recently issued reports on the stock. Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a research report on Thursday, July 30th. National Bank Financial lowered their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada cut their target price on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.25.

Get Our Latest Report on Tetra Tech

Tetra Tech Profile (Free Report)

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.

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PASADENA, Calif.--(BUSINESS WIRE)-- #MCC--Tetra Tech, Inc. (NASDAQ: TTEK), a global provider of high-end technical and engineering services, Leading with Science® in water, environment, and sustainable infrastructure, announced today that the Millennium Challenge Corporation (MCC) selected Tetra Tech for two contracts totaling $12.7 million to provide independent engineering and technical services for critical infrastructure projects. Under concurrent 5-year contracts, Tetra Tech engineers and technic.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2026) - EraNova Metals Inc. (TSXV: NOVA) (OTCQB: STXPF) ("EraNova" or the "Company") announces results from an independent Preliminary Economic Assessment ("PEA") for its 100% owned Adanac Molybdenum Project ("Adanac" or the "Project"), located 35 km northeast of Atlin, British Columbia.

The PEA confirms Adanac as a large-scale, long-life primary molybdenum development project with strong economics and an advanced development foundation. Supported by decades of historical engineering, a previously issued Environmental Assessment Certificate ("EAC"), established road access and more than C$100 million in historical infrastructure investment, the Company's focus will now be on initiating a Feasibility Study while obtaining an updated environmental assessment and the permits required to support future project development.

PEA Highlights

Long-Life Primary Molybdenum Project: 30,000 tonnes-per-day ("tpd") open-pit mining and processing operation with a 24-year mine life, averaging 11.4 million pounds of molybdenum produced annually and 270.1 million pounds of payable molybdenum over the life of mine. The Project's scale and longevity provide exposure to multiple molybdenum price cycles.Strong Project Economics: Robust economics under both the base case and current spot molybdenum price assumptions, generating approximately C$2.0 billion in cumulative after-tax free cash flow under the base case, increasing to approximately C$3.6 billion at current spot molybdenum prices. Key unlevered economic results are summarized below.Table 1 - Adanac Molybdenum Project PEA Pre-Tax and After-Tax Economic Results Summary

Molybdenum Price (US$/lb Mo)US$25.00/lb¹- Base CaseUS$31.91/lb - Spot Price2Pre-Tax NPV @ 8%C$1,201.2MC$2,105.8MPre-Tax IRR30.8%38.9%After-Tax NPV @ 8%C$714.7MC$1,292.2MAfter-Tax IRR23.5%30.2%After-Tax NPV / CAPEX75%136%¹ LOM average
2 Molybdenum spot price as of July 29, 2026 (USD:CAD 1.00:1.39).
3 Project economics are presented on an unlevered basis and do not assume project debt or other financing arrangements.

Existing Infrastructure Reduces Development Risk: More than C$100 million of historical infrastructure investment, established road access and a previously issued Environmental Assessment Certificate provide an advanced development foundation, positioning the Project to advance directly toward a Feasibility Study.Capital Efficiency: Initial capital of C$953.3 million, including $120.7 million contingency, supports the development of a 30,000 tpd operation. Estimated cash costs are US$17.48/lb Mo and AISC1 are US$19.79/lb Mo.Resource Confidence Built In: 93% of the mine plan's pounds are classified as Measured and Indicated, providing a solid foundation for advancement.Exploration Optionality: The Atlin Discovery Project provides district-scale polymetallic exploration upside beyond the Adanac development case.1 AISC is a non-GAAP measure. See "Use of Non-GAAP Financial Measures" below.

"This PEA confirms what we have long believed the Adanac Project was capable of-a large-scale, long-life primary molybdenum development project with strong economics and a clear pathway toward development," said Meredith Eades, President and CEO of EraNova Metals. "Adanac is the product of decades of engineering and development work. Established road access, a previously issued Environmental Assessment Certificate and more than C$100 million in historical infrastructure investment provide a more advanced development foundation than is typical of a greenfield project. With the PEA now complete, our focus shifts to executing the next stage of Project advancement by initiating a Feasibility Study, advancing the environmental assessment process and engaging with strategic partners to help move Adanac toward development."

The Company will host a live Investor Webinar at 12PM ET/9AM PT on Monday, August 10, 2026, to present the PEA results. Register at www.eranovametals.com/pea. A recording of the webinar will be made available on the Company's website following the event.

Description of the PEA

The PEA outlines a conceptual development scenario for the Adanac Project based on the updated Mineral Resource Estimate ("MRE") (see "Mineral Resources" below), incorporating conventional open-pit mining and onsite molybdenum recovery through a 30,000 tpd processing facility.

The PEA was prepared by Tetra Tech Canada Inc. ("Tetra Tech") in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

This PEA is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The NI 43-101 Technical Report supporting the PEA will be filed on SEDAR+ (www.sedarplus.ca) and on the Company's website within 45 days of this news release.

Project Overview

The 100%-owned Adanac Molybdenum Project is located approximately 35 km northeast of Atlin, British Columbia by road, within the traditional territory of the Taku River Tlingit First Nation, and forms part of EraNova's district-scale Ruby Creek Property, which also hosts the Company's Atlin Discovery Project.

Adanac is a large-scale primary molybdenum development project that has benefited from decades of exploration, engineering and development. Since its discovery in the late 1960s, multiple operators have advanced the Project through more than 73,000 metres of drilling, underground bulk sampling, feasibility studies, environmental assessment and the commencement of mine construction before development was suspended following the 2008 global financial crisis.

Today, the Project benefits from established road access, more than C$100 million in historical infrastructure investment and a previously permitted mine development concept, providing an advanced development foundation compared with a typical greenfield project.

Infrastructure supporting the Project includes proximity to the community of Atlin, British Columbia (population approximately 500), a registered public-use airport (CYSQ) supporting charter and general aviation, access to the Port of Skagway, Alaska (approximately 275 km), and the proposed BC-Yukon Grid Connect, a cross-border transmission initiative intended to strengthen regional power infrastructure and support future economic development. Together, these attributes position Adanac as a more advanced development opportunity than a typical greenfield project and provide a strong foundation for the next stage of engineering.

Figure 1 - Adanac Molybdenum Project Site Location Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11821/308337_564aea1a0446180e_001full.jpg

Base Case Economic Results

The PEA for Adanac is based upon a subset of mineral resources comprising 93% Measured and Indicated and 7% Inferred mineral resources.

With approximately 93% of the mine plan supported by Measured and Indicated Mineral Resources, the Project benefits from a high level of resource confidence, providing a strong foundation for future engineering studies and reducing the need for additional resource definition drilling as the Project advances.

Table 2 - Adanac Molybdenum Project PEA Base Case Economic Results in Detail

DescriptionUnitValueMetal Price

Molybdenum Price (Average)C$/lb34.75
US$/lb25.00

Production

Mine Life Year24Mill Feed Tonnage, LOMMt252.0Mill Feed Grade, LOM% Mo0.054Concentrate Grade% Mo54.0Molybdenum Recovery to Concentrate%90.2Molybdenum Produced, LOMklb272,848 Annual klb11,369Operating Costs, LOMC$M3,822.8 UnitC$/t15.17Operational RevenueC$M4,663.5Cash CostC$/lb17.48AISCC$/lb19.79

Capital Costs

Initial Capex (including Mining Pre-production Cost)C$M953.3Sustaining & ClosureC$M625.1Total Capital Costs (excluding Salvage Cost)C$M1,578.4Economic Results

Discount Rate%8%Pre-Tax NPV @ 8%C$M1,201.2
US$M864.2Pre-Tax IRR%30.8%Pre-Tax Simple PaybackYear2.3

After-Tax NPV @ 8%C$M714.7
US$M514.2After-Tax IRR %23.5%After-Tax Simple PaybackYear2.6Notes

Cash cost per pound reflects direct mining, processing, site general & administrative, refining, transport, and royalty costs, divided by payable molybdenum pounds.All-In Sustaining Cost ("AISC") per pound includes cash costs plus sustaining capital, sustaining exploration, and site-level closure costs, divided by payable molybdenum pounds. Growth capital, corporate G&A, financing costs, and income taxes are excluded.Initial Capex represents upfront expenditures to construct and commission the mine, plant, and supporting infrastructure.Sustaining Capex represents ongoing capital expenditures required to maintain production during the life of mine.Payback Period represents years from start of commercial production to achieve cumulative positive after-tax free cash flow, including sustaining capital.Exchange rate assumption: $1.39 CAD per $1.00 USD.Non-GAAP financial measures are presented for additional information and benchmarking purposes only. See "Use of Non-GAAP Financial Measures."Sensitivity

After-Tax Sensitivity Summary

The Project's economics were evaluated across a range of changes to key project variables. The sensitivity analysis indicates that project value is driven primarily by changes in the molybdenum price, followed by operating costs and capital costs. The sensitivity of the Project's after-tax NPV8% and IRR to these variables is illustrated in the figures below.

Figure 2A - Adanac Molybdenum Project PEA After-Tax NPV Sensitivity (+/-30%)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11821/308337_564aea1a0446180e_002full.jpg

Figure 2B - Adanac Molybdenum Project PEA After-Tax IRR Sensitivity (+/-30%)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11821/308337_564aea1a0446180e_003full.jpg

The sensitivity analysis demonstrates meaningful leverage to higher molybdenum prices while underscoring the resilience and strength of the Project across a broad range of capital and operating cost assumptions.

Capital and Operating Costs

Initial CAPEX: C$953.3M, including contingency of C$120.7M and C$3.9M mining initial operating costs. Sustaining Capital: C$625M over LOMSalvage Value: C$24M can be recovered at the end of mine line Operating Costs: C$15.17/t milled, including mining (41.8%), processing (44.4%), and G&A and site services (13.8%).Closure Costs: C$50M at end of mine life.Mineral Resources

An updated Mineral Resource Estimate ("MRE"), effective date August 6, 2026, was prepared by Tetra Tech in accordance with CIM Guidelines and NI 43-101 and replaces the previous MRE with an effective date of March 10, 2022.

The updated MRE incorporates the current geological interpretation and forms the basis of the 24-year mine plan evaluated in the PEA.

Table 3 - Adanac Molybdenum Project PEA Mineral Resource Statement, effective date August 6, 2026

ClassificationTonnes (Mt)Mo Grade (% Mo)Contained Mo (Mlbs)Measured39.00.07261.7Indicated352.20.048374.1Measured + Indicated391.20.051435.7Inferred76.40.04271.0Notes

Mineral resources are not mineral reserves and do not have demonstrated economic viability.Mineral resources are reported at a cut-off grade of 0.02% Mo, constrained within a conceptual open-pit shell.Mineral resources are reported based on a long-term molybdenum price of US$23/lb Mo.Classification is consistent with the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves.All figures are rounded to reflect the relative accuracy of the estimate; numbers may not add due to rounding.The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.Mining Method

The Adanac Molybdenum Project is planned to be developed using conventional open-pit mining methods, including drilling, blasting, loading, and hauling with large-scale mining equipment. Material will be drilled and blasted, then loaded into diesel-powered haul trucks using a fleet of hydraulic shovels and front-end wheel loaders.

To identify the optimal pit size and mining sequence, Tetra Tech used Datamine™ NPVS software for pit optimization. Datamine™ employs the Lerchs-Grossmann (LG) algorithm to evaluate the net value of individual blocks within the block model. Molybdenum pricing for the pit optimization is based on monthly trailing average over medium to long-term periods. An assumed molybdenum price of US$23 per pound (Mo) has been applied. Life of mine (LOM) operating costs were based on previous technical studies.

Guided by the pit optimization process, four pushbacks have been designed and incorporated into the mining sequence to bring higher grade material forward and to defer a large quantity of waste rock stripping (table below). Pushbacks were designed to provide operational flexibility. For most of the LOM, there are at least two active pushbacks being mined at one time, reducing the loading requirements and allowing progressive sustaining capital expenditures. The figure below shows the total mining quantities with pushback schedule.

Table 4 - Adanac Molybdenum Project PEA Open Pit Mine Pushback Design

PushbackTotal Mined (Mt)Waste (Mt)Mill Feed (Mt)Strip RatioGrade (%)PB158.710.348.40.20.07PB271.722.649.20.50.06PB373.932.042.00.80.05PB4218.5106.0112.50.90.05Total422.9170.92520.70.05

Figure 3 - Adanac Molybdenum Project PEA Open Pit Mine Pushback Schedule

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https://images.newsfilecorp.com/files/11821/308337_fig3eranova.jpg

The life-of-mine plan comprises 22 years of active mining operations followed by two years of low-grade stockpile processing. Mining is conducted at a consistent rate of 19.0 Mt of material annually during the first seven years before increasing to 24.7 Mt, maintaining steady operational performance with an average strip ratio of 0.7:1. The process plant is designed for a nominal throughput of 30,000 tonnes per day (approximately 11.0 million tonnes per year). Average molybdenum production over the 24-year mine life is estimated at approximately 11.4 million pounds per year. Mill throughput is planned at 75% of nameplate capacity in Year 1 and 100% from Year 2 onward, allowing for a controlled start-up and optimization of plant performance. The figure below illustrates the proposed pit pushback sequence.

Figure 4 - Adanac Molybdenum Project PEA Open Pit Mine Pushback Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11821/308337_564aea1a0446180e_005full.jpg

A stockpile strategy has been defined to feed the process plant with the highest-grade material at the start of the operation and stockpile the lower grade material to be processed in the later years. The goal was to optimize the pit to schedule the high-grade mill feed as early as possible and process the low-grade mill feed contained inside the pit at the end of the LOM. The figures below show the dynamic mill feed and average mill feed grade, respectively.

Figure 5 - Adanac Molybdenum Project PEA Mill Feed Schedule

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Figure 6 - Adanac Molybdenum Project PEA Open Pit Mine Mill Feed Grade Schedule

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https://images.newsfilecorp.com/files/11821/308337_564aea1a0446180e_007full.jpg

Processing

Comprehensive metallurgical test work on the Adanac mineralized material was completed prior to 2006 in support of earlier studies. The materials demonstrated a good response to conventional flotation processing. The test work includes comminution characterization, flowsheet development and flotation condition optimization, including regrind size determination and product settling tests. The test results indicated that molybdenum recoveries of more than 90% are achievable.

Based on the test work results, the optimized flowsheet was developed for this study. The process flowsheet is designed for 30,000 tpd and follows a conventional molybdenite flotation circuit to produce a high-grade molybdenum concentrate, which will be further processed at an offsite roasting facility. The processing plant (see simplified process flow diagram below) will consist of the following:

A primary crusher with crushed material stockpiling, followed by a SAG-ball mill (SAB) grinding circuit.Rougher flotation with a concentrate regrind circuit.Cleaner flotation comprising a first-stage cleaner and cleaner-scavenger, followed by a second regrind stage.Multi-stage column cleaner flotation producing a final saleable concentrate.Concentrate thickening followed by pressure filtration and drying prior to packaging and shipment.Associated utility and reagent systems.

Figure 7 - Adanac Molybdenum Project PEA Simplified Process Flowsheet

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https://images.newsfilecorp.com/files/11821/308337_564aea1a0446180e_008full.jpg

Infrastructure

The Project benefits from existing transportation infrastructure, proximity to future regional power initiatives and favourable site characteristics that support future development, including:

Road Access: The Adanac Molybdenum Project is accessible from Atlin, British Columbia by road, approximately 35 km away. Atlin provides year-round road access to Whitehorse, YT (approximately two hours), and ice-free deep-water Port of Skagway, Alaska (about 3.5 hours providing efficient logistics for project construction, operation, and molybdenum concentrate shipment to the Asian markets.Power: At the conceptual level, the Project may benefit from future regional hydroelectric infrastructure, including the proposed Atlin Hydro Expansion Project and the BC-Yukon Grid Connect initiative. Both remain subject to future planning, regulatory approvals, consultations and agreements with the relevant agencies and utilities.Water: Several surface water bodies are located near the project site and are expected to provide suitable water sources for future operations, subject to detailed engineering and permitting. Tailings Management Facility ("TMF"): A natural valley proximal to the deposit provides a suitable topographic setting for tailings containment. Cyclone processing of the tailings will generate sand fractions for use as TMF embankment construction material, thereby reducing the volume of imported or conventionally sourced fill and lowering overall embankment construction costs. Tailings will be deposited sub-aqueously to maintain saturated conditions, limit oxygen ingress, and reduce the potential for acid rock drainage generation.Camp and Services: A 160-person accommodation camp is planned to support construction and operations. Camp services are expected to be provided by third-party contractors, creating potential business and employment opportunities for nearby Indigenous communities.Overall Site General Arrangement: The overall site arrangement is presented in the figure below.

Figure 8 - Adanac Molybdenum Project PEA Overall Site General Arrangement Plan

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11821/308337_564aea1a0446180e_009full.jpg

Environmental, Social, and Permitting

The Project is located within the traditional territory of the Taku River Tlingit First Nation. EraNova is committed to meaningful engagement with the Taku River Tlingit First Nation throughout all stages of Project advancement.

A previous EAC was issued for Adanac in 2007, reflecting the advanced stage of historical project development and providing a strong foundation for future environmental assessment and permitting efforts. The Company intends to build on this work as it advances the Project toward a Feasibility Study and future development.

Opportunities and Exploration Potential

The PEA presents a conceptual development scenario for Adanac based on current information. The following opportunities may be evaluated in future technical studies to further optimize the Project's technical and financial performance.

Power Optimization

EraNova intends to evaluate opportunities to connect the Project to regional clean power infrastructure, including the proposed BC-Yukon Grid Connect initiative or other future grid connection alternatives. Access to grid power could reduce operating costs and greenhouse gas emissions compared with on-site diesel power generation and may support increased electrification of mining and processing equipment in future development scenarios.

Government and Critical Minerals Funding Opportunities

Molybdenum is included on Canada's critical minerals list. EraNova intends to evaluate available federal and provincial funding, infrastructure and strategic investment programs that may support future engineering, infrastructure development and project advancement.

Closure Cost Refinement

The PEA applies a conservative estimate for closure costs. Additional geochemical and hydrological and site-specific engineering studies may allow estimates to be further refined in subsequent technical studies.

District-Scale Exploration Optionality

The Atlin Discovery Project provides district-scale exploration upside beyond the Adanac development case, creating an additional opportunity for long-term value creation across the broader Ruby Creek Property. In addition to high-grade gold, silver and copper targets, the Property hosts significant tungsten mineralization spatially associated with the Ruby Creek Molybdenum Deposit, providing opportunities to further evaluate and potentially enhance long-term project value through future exploration.

Targets include:

Silver Surprise: High-grade silver target located approximately 7 km northeast of the Ruby Creek Molybdenum Deposit, where a 1,585-pound surface mini-bulk sample averaged 4,200 g/t silver and achieved 95% silver recoveries from direct smelting. (See December 1, 2025 news release.)Lakeview: Gold-silver target characterized by multiple steeply dipping quartz veins, where recent exploration identified visible gold and returned grab samples of up to 257 g/t gold and 3,660 g/t silver*. (See March 2, 2026 news release.)Ruffner: Historic silver-producing area where recent exploration uncovered a potential copper-gold porphyry system beneath historical high-grade silver mineralization, highlighting the potential for multiple deposit styles within the broader Ruby Creek Property.Thor Ridge / Black Diamond Corridor (Tungsten): Historic and recent exploration has identified widespread tungsten mineralization associated with the Ruby Creek intrusive system, including historical values of up to 17% WO₃*. Much of the historical molybdenum drilling has not been systematically assayed for tungsten, representing an opportunity to evaluate the potential contribution of tungsten to the broader project.* Grab samples are selective by nature and may not be representative of mineralization across the property.

Next Steps/Path Forward

Advancing Engineering
The completion of the PEA establishes a strong technical foundation for the next stage of engineering. Given the extensive historical engineering completed at Adanac, the Company believes the Project is well positioned to advance directly to feasibility-level engineering.

Future work is expected to focus on metallurgical optimization, geotechnical and hydrogeological investigations, detailed mine, infrastructure and tailings engineering, environmental studies, and continued refinement of the Project's capital and operating cost estimates.

Engineering Support Drilling
The Company anticipates evaluating a targeted drilling program of approximately 3,000 metres to support feasibility-level engineering. The program would be expected to focus primarily on infill drilling, geotechnical investigations and metallurgical sample collection, rather than material mineral resource expansion.

Environmental & Permitting
In parallel with the Feasibility Study, EraNova intends to advance the environmental assessment process and obtain the regulatory approvals required to support future Project development, building on the substantial environmental studies and technical work completed during the previous Environmental Assessment process. The Company will continue to engage with the Taku River Tlingit First Nation, regulators and local stakeholders throughout this process.

Strategic Development
The Company will continue evaluating opportunities to advance the Project through strategic partnerships, government-supported critical mineral initiatives and engagement with potential customers and other industry participants.

Exploration
The Company also intends to continue selectively evaluating exploration opportunities across the Atlin Discovery Project, including the Silver Surprise, Lakeview, Ruffner and Black Diamond Corridor target areas. These activities will complement the Company's primary focus of advancing the Adanac Project toward a Feasibility Study.

Study Notes

The PEA was prepared by Tetra Tech Canada Inc. with an effective date of August 5, 2026. The study is based on an updated Mineral Resource Estimate with an effective date of August 5, 2026, prepared in accordance with the CIM Definition Standards and NI 43-101.

Approximately 93% of the mill feed scheduled in the PEA mine plan is sourced from Measured and Indicated Mineral Resources.

The NI 43-101 Technical Report supporting the PEA will be filed on SEDAR+ and the Company's website within 45 days of this news release.

Use of Non-GAAP Financial Measures

Certain financial measures referred to in this news release are not measures recognized under IFRS and are referred to as non-GAAP financial measures. These measures have no standardized meaning under IFRS and may not be comparable to similar measures presented by other companies. As Adanac is not in production, the Company does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore these prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

All-in Sustaining Costs (AISC): AISC per pound of molybdenum includes cash costs plus sustaining capital, sustaining exploration, and site-level closure costs, divided by payable molybdenum pounds. Growth capital, corporate G&A, financing costs, and income taxes are excluded.

Free Cash Flow: Defined as gross revenue less royalties, pre-production capital costs, operating costs, off-site costs, sustaining capital costs, taxes, progressive reclamation costs, and closure costs.

Cash Costs: Defined as total operating costs, together with roasting charges and other off-site costs (including transportation, concentrate transport losses, marketing and representation costs, insurance, and royalties), divided by payable pounds of molybdenum produced. Cash costs exclude initial and sustaining capital expenditures, corporate general and administrative expenses, financing costs, income taxes, reclamation and closure costs, and other non-operating expenditures.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Clive Aspinall, M.Sc., P.Geo., who is a Qualified Person ("QP") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and is not independent of the Company.

The following Qualified Persons are responsible for the PEA, are independent of EraNova and the Project, and have reviewed and approved the scientific and technical information contained in this news release:

Michael F. O'Brien, P.Geo., M.Sc., Tetra Tech—Geology/mineral resourcesHasssan Ghaffari, P.Eng., MASc., Tetra Tech—Infrastructure/capital costs, financial analysis and environmental/permittingJianhui Huang, P. Eng., PhD, Tetra Tech—Processing/metallurgyJunjie Li, P.Eng., Tetra Tech—Mining/mine planningYang Zhang, P.Eng., Tetra Tech—Tailings managementAbout Tetra Tech

Founded in 1966 and headquartered in Pasadena, California, Tetra Tech is a leading global consulting and engineering firm worldwide, specializing in water, environment, and sustainable infrastructure. With more than 25,000 employees, Tetra Tech, is a leading global provider of high-end consulting and engineering services focusing on water, environment, sustainable infrastructure, renewable energy, and international development. The company operates as a publicly traded corporation (NASDAQ: TTEK). Tetra Tech distinguishes itself with its trademarked slogan "Leading with Science®," leveraging an interdisciplinary network of scientists, engineers, and data analysts to design and implement highly technical solutions.

About EraNova Metals

EraNova Metals is a Canadian mineral exploration company focused on advancing precious and base metal projects across western Canada.

The Company's flagship asset is the Ruby Creek Property, a 29,700-hectare land package near Atlin, BC that hosts both the Adanac Molybdenum Project, a development-stage deposit with historic feasibility, and the Atlin Discovery Project, an emerging pipeline of high-grade gold, silver, copper, and tungsten zones.

EraNova also holds two additional 100%-owned assets: the Big Ledge Zinc-Lead Project, located 57 km south of Revelstoke, BC, and the South Thompson Nickel Project in west-central Manitoba.

-

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the future or estimated financial and operational performance of the Project under the PEA including estimated NPV, IRR, AISC, LOM and other costs and economic information; the estimated amount and grade of mineral resources at the Project; precious metals prices; the PEA representing a viable development option for the Project; the timing and particulars of the development phases as identified in the PEA; mining methods and extraction techniques; the advancement of permitting initiatives at the Project; the Company's ongoing metallurgical assessment; the evaluation of future bulk samples; the advancement of exploration targets; the timing and filing of the PEA and MRE on the Adanac Molybdenum Project; and the Company's exploration, development and strategic plans.

Forward-looking statements are based on a number of assumptions believed by management to be reasonable at the time such statements are made, including assumptions regarding the availability of financing; tonnage to be mined and processed; grades and recoveries; the completion of planned exploration and metallurgical work; the receipt of required permits and regulatory approvals; favourable market conditions; reliability of the MRE and the assumptions upon which it is based; future operating costs; prices for energy inputs, labour, materials, supplies and services (including transportation); the availability of skilled labour and no labour related disruptions at any of the Company's operations; no unplanned delays or interruptions in scheduled production; performance of available laboratory and other related services; and the Company's ability to execute its exploration and development plans.

Actual results may differ materially from those expressed or implied by such forward-looking statements due to a variety of risks and uncertainties, including, without limitation, fluctuations in molybdenum prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; the ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments, including legal restrictions relating to mining and risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; and general economic, market and business conditions.

Although the Company believes that the expectations in these forward-looking statements are reasonable, it can give no assurance that they will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. EraNova undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308337

Source: EraNova Metals Inc.

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Posted by Defense World Staff on Aug 1st, 2026

Amundi trimmed its holdings in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,749,247 shares of the industrial products company’s stock after selling 346,550 shares during the period. Amundi owned 1.83% of Tetra Tech worth $143,062,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Corp grew its holdings in shares of Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Optas LLC raised its position in Tetra Tech by 2.6% in the first quarter. Optas LLC now owns 12,803 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 330 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 341 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Tetra Tech by 26.9% during the fourth quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 358 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Tetra Tech by 8.1% in the 1st quarter. Parallel Advisors LLC now owns 4,799 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Up 2.2% Shares of NASDAQ TTEK opened at $33.16 on Friday. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.18. The stock has a market cap of $8.61 billion, a P/E ratio of 19.98 and a beta of 0.92. The firm has a 50 day moving average price of $29.52 and a 200 day moving average price of $32.06.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The firm’s revenue was down 4.4% on a year-over-year basis. 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. Analysts expect that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, August 13th. Tetra Tech’s payout ratio is 17.37%.

Insider Buying and Selling at Tetra Tech In other news, Director Jeffrey R. Feeler acquired 1,900 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the acquisition, the director owned 1,900 shares in the company, valued at $50,179. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades TTEK has been the subject of a number of recent research reports. Robert W. Baird set a $37.00 target price on Tetra Tech in a report on Thursday. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. National Bank Financial dropped their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, Royal Bank Of Canada reduced their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.25.

Get Our Latest Stock Report on Tetra Tech

Tetra Tech Profile (Free Report)

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.

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Tetra Tech NASDAQ: TTEK reported fiscal 2026 third-quarter results that exceeded its guidance range, supported by double-digit growth in U.S. federal and international markets, higher backlog and strong operating cash flow. The company raised its full-year adjusted earnings per share outlook following the quarter.

Chief Executive Officer and President Roger Argus said net revenue reached $1.1 billion in the quarter, exceeding the high end of the company’s guidance, while adjusted earnings per share of $0.42 also came in above expectations. Operating cash flow totaled $229 million during the quarter and $467 million through the first nine months of fiscal 2026, which Argus described as a record for the first three quarters of a fiscal year.

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Backlog increased by $208 million, or 5% sequentially, to just under $4.5 billion. Argus said the company counts only contracted, funded and authorized work in its backlog, providing what he characterized as high-quality visibility into future activity.

Segment and Market Performance The Government Services Group grew 7% year over year and posted a 17.5% margin in the third quarter. Demand was particularly solid in water, environmental and defense work for U.S. federal as well as state and local government customers, according to Argus.

The Commercial International Group increased revenue 9% from a year earlier and reported a 15.1% margin. Growth reflected a diversified set of water, power and energy, and mining assignments around the world.

International revenue rose 12% year over year and accounted for 47% of the business, driven by water programs in the U.K., Ireland and Netherlands; infrastructure work in Canada; and mining and digital automation revenue in Australia. U.S. federal revenue increased 12% and represented 20% of total business, aided by infrastructure, planning and environmental work for defense and civilian customers. U.S. commercial revenue increased 1% and represented 20% of the business. Growth in energy, transmission, mining and minerals work was partly offset by lower renewable-energy activity and the cancellation of remaining Atlantic Coast offshore wind programs. U.S. state and local revenue grew 5%, with continuing demand for municipal water projects involving PFAS treatment, digital modernization, water reuse and desalination. The company cited several new awards and contract additions that supported backlog growth. These included nearly $300 million in contract capacity with the U.S. Army Corps of Engineers’ Mobile and Norfolk districts, as well as a lead designer role for what Argus said will be the largest dedicated municipal PFAS treatment system in the U.S., located in Dayton, Ohio.

Commercial orders were led by digital automation services for data centers, power and transmission assignments, and sediment-restoration programs. During the question-and-answer session, Argus said the company’s data-center work has broadened from engineering and commissioning into feasibility studies and work related to power and water supplies for new facilities. He said data-center revenue is currently about $60 million for the year.

Margins, Cash Flow and Capital Allocation Chief Financial Officer Steve Burdick said operating income rose significantly despite reported revenue declining from the prior year, primarily because of lower revenue from the company’s USA customer and the absence of certain one-time disaster work recorded last year. He said the company’s focus on front-end technical design and engineering work in water and environmental markets has supported higher margins.

Adjusted EBITDA margin on net revenue increased about 80 basis points through the first nine months of fiscal 2026 compared with the same period in fiscal 2025, Burdick said. On a net service revenue basis, he said EBITDA margin would be about 240 basis points higher year to date.

The company’s days sales outstanding stood at 56 days, similar to the prior year and improved from the fiscal second quarter. Tetra Tech’s net debt-to-EBITDA leverage was 0.88 times, compared with 0.96 times a year earlier, while return on capital employed exceeded 20%.

Tetra Tech reported $567 million of trailing-12-month operating cash flow and said it intends to use its balance sheet and cash generation to support organic growth and acquisitions. Year to date, it closed acquisitions of defense-focused technical firms Halvik in the U.S. and Providence in Australia.

The board approved a quarterly cash dividend that is 11% higher than the year-ago payment, marking the company’s 45th consecutive quarterly dividend with annual double-digit increases, according to Burdick. The company also increased its third-quarter share repurchase activity to $100 million, bringing nine-month buybacks to $200 million. It has $398 million remaining under its board-approved repurchase authorization.

Federal Environment and Water Demand Argus said federal work continues to face administrative constraints following staffing reductions at U.S. government contracting offices. While Tetra Tech continues to win work and build backlog, he said the flow of task orders and awards remains constrained. He also cited uncertainty surrounding the U.S. administration and geopolitical conditions as factors causing some commercial customers to be cautious about initiating new programs.

Regarding the former U.S. Agency for International Development business, Argus said USAID “does not exist anymore,” while the Department of State will remain a client. He said the company expects Department of State work to continue at some level but remains conservative in forecasting its contribution, particularly amid uncertainty around aid-related programs and work in Ukraine.

Burdick said Ukraine-related aid work contributed about $66 million in the third quarter and is expected to be in a similar range in the fourth quarter.

In municipal water, Argus said Tetra Tech’s water treatment business remained up double digits year over year in the third quarter despite uncertainty around certain federal funding programs. He said municipalities are pursuing rate increases, bonds, commercial financing and other sources to fund needed projects. Flood protection has seen a more direct impact from reduced federal co-funding, though he said it represents a smaller part of the company’s state and local business.

Raised Fiscal 2026 Outlook For the fiscal fourth quarter, Tetra Tech forecast net revenue of $1.12 billion to $1.17 billion and adjusted earnings per share of $0.45 to $0.48.

For fiscal 2026, the company raised its adjusted EPS outlook to $1.56 to $1.59 and projected net revenue of $4.315 billion to $4.365 billion. At the midpoint, the outlook implies 8% year-over-year net revenue growth and 70 basis points of margin expansion. The guidance excludes contributions from future acquisitions.

Argus said water-related demand remains a central driver of the company’s global growth opportunities, including in hydropower, digital automation, resilient infrastructure, mining and data centers. He said the company views artificial intelligence as an enabler for its technical professionals, helping them evaluate larger data sets and develop site-specific solutions, rather than as a replacement for its front-end applied science and engineering services.

About Tetra Tech (NASDAQ:TTEK)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Tetra Tech (TTEK - Free Report) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +5.00%. A quarter ago, it was expected that this consulting and engineering services company would post earnings of $0.31 per share when it actually produced earnings of $0.34, delivering a surprise of +9.68%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Tetra, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $1.11 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.60%. This compares to year-ago revenues of $1.15 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Tetra shares have lost about 0.1% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Tetra?While Tetra has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Tetra was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.47 on $1.15 billion in revenues for the coming quarter and $1.55 on $4.31 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Engineering - R and D Services is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Mayville Engineering (MEC - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.

This company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of -180%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Mayville Engineering's revenues are expected to be $149.69 million, up 13.1% from the year-ago quarter.

Posted by Defense World Staff on Jul 29th, 2026

Dimensional Fund Advisors LP grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 3.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,789,240 shares of the industrial products company’s stock after purchasing an additional 112,560 shares during the period. Dimensional Fund Advisors LP owned about 1.46% of Tetra Tech worth $114,128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Tetra Tech during the 4th quarter worth approximately $225,000. AQR Capital Management LLC boosted its position 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 acquiring an additional 118,774 shares during the period. Goldman Sachs Group Inc. grew its position in shares of 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 in the last quarter. Geneos Wealth Management Inc. grew its position in Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings 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 own 93.89% of the company’s stock.

Analysts Set New Price Targets TTEK has been the topic of several analyst reports. Royal Bank Of Canada reduced their price target on shares of 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 $35.00 price objective on Tetra Tech in a research note on Thursday, April 30th. Weiss Ratings downgraded Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. National Bank Financial lowered their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Get Our Latest Analysis on TTEK

Tetra Tech Stock Up 5.1% Tetra Tech stock opened at $33.51 on Wednesday. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 20.07 and a beta of 0.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. Tetra Tech, Inc. has a 1-year low of $25.81 and a 1-year high of $43.14. The firm’s fifty day moving average price is $29.18 and its two-hundred day moving average price is $32.09.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company posted $0.33 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities research analysts predict that Tetra Tech, Inc. will post 1.54 earnings per share for the current fiscal year.

Insider Transactions at Tetra Tech In other news, Director Jeffrey R. Feeler acquired 1,900 shares of Tetra Tech stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, with a total value of $50,179.00. Following the transaction, the director owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Tetra Tech Company Profile (Free Report)

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.

See Also Five stocks we like better than Tetra Tech These 3 Stocks Have Soared in 2026—Can They Keep Climbing? Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction Chips & Clips: Memory Tariffs Rewire Tech Supply Chains Want to see what other hedge funds are holding TTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tetra Tech, Inc. (NASDAQ:TTEK – Free Report).

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PASADENA, Calif.--(BUSINESS WIRE)-- #airspacemodernization--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 Federal Aviation Administration (FAA) selected Tetra Tech for a $27 million task order under the Program Support Services contract to provide technical, analytical, and program management support for its major airspace redesign program. Under this 4-year contract, Tetra Tech engineer.

Posted by Defense World Staff on Jul 19th, 2026

Copeland Capital Management LLC lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 78.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,884 shares of the industrial products company’s stock after selling 1,297,206 shares during the period. Copeland Capital Management LLC owned approximately 0.14% of Tetra Tech worth $11,020,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Corp raised its holdings in shares of Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Tetra Tech by 63.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 341 shares during the period. OP Asset Management Ltd acquired a new stake in Tetra Tech in the 1st quarter valued at $34,000. Geneos Wealth Management Inc. boosted its stake in Tetra Tech by 136.1% in 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 in the last quarter. Finally, Danske Bank A S bought a new stake in Tetra Tech in the third quarter valued at $53,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Down 1.4% Shares of TTEK opened at $31.59 on Friday. The company has a market capitalization of $8.20 billion, a P/E ratio of 18.92 and a beta of 0.92. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The business’s 50 day simple moving average is $28.61 and its 200-day simple moving average is $32.23. 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 (NASDAQ:TTEK – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $0.33 EPS. The business’s revenue was down 7.7% on a year-over-year basis. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. As a group, sell-side analysts predict that Tetra Tech, Inc. will post 1.54 EPS for the current fiscal year.

Tetra Tech Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, May 14th. Tetra Tech’s dividend payout ratio is 17.37%.

Analysts Set New Price Targets Several research analysts have issued reports on the company. National Bank Financial dropped their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and an average price target of $39.80.

Get Our Latest Report on TTEK

Insider Activity In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the acquisition, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Tetra Tech Profile (Free Report)

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.

See Also Five stocks we like better than Tetra Tech Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding TTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tetra Tech, Inc. (NASDAQ:TTEK – Free Report).

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PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today the planned dates for its third quarter 2026 results and conference call.

On Wednesday, July 29, 2026, after market close, Tetra Tech intends to announce its third quarter 2026 results. On Thursday, July 30, 2026, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company’s financial results and forward outlook.

Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company’s website at tetratech.com/investors. The webcast replay will be available following the call.

About Tetra Tech

Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With more than 25,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science® to address the entire water cycle, protect and restore the environment, and design sustainable and resilient infrastructure. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn and Facebook.

More News From Tetra Tech, Inc.

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PASADENA, Calif.--(BUSINESS WIRE)--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 Los Angeles Department of Water and Power (LADWP) has selected Tetra Tech for a 5-year, $15 million, multiple-award contract to provide high-end engineering design and technical services for the Owens Lake Dust Mitigation Program, the largest dust mitigation and control program in the United States.

Owens Lake is a historic dry lakebed, requiring EPA-approved best available control measures, that preserve the ecosystem while mitigating dry season wind effects across a 48.6 square-mile area. Tetra Tech engineers and digital automation specialists will provide consulting and design services for dust mitigation measures that may include geotechnical investigations; advanced GIS mapping and hydraulic modeling; civil, structural, mechanical engineering design; and SCADA, instrumentation, and electrical engineering design services. These services will improve existing dust control methods and provide for the design of new dust control mitigation measures.

“Tetra Tech has supported LADWP in implementing the Owens Lake Dust Mitigation Program for more than 15 years. Through this important program, with support from Tetra Tech, LADWP has successfully reduced dust emissions by 99.4 percent,” said Roger Argus, Tetra Tech Chief Executive Officer. “We look forward to continuing to use our Leading with Science® approach and leverage the latest technologies to provide exceptional results for this critical program that protects both human health and the environment.”

About Tetra Tech

Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With more than 25,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science® to address the entire water cycle, protect and restore the environment, and design sustainable and resilient infrastructure. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

More News From Tetra Tech, Inc.

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Key Takeaways Tetra Tech secured a single-award deal for EWA's CLEAR project involving digital infrastructure upgrades.TTEK will integrate systems for biogas, emissions controls, energy storage and microgrid operations.The project aims to enhance wastewater efficiency and resource recovery through upgraded systems. Tetra Tech, Inc. (TTEK - Free Report) recently announced that it has secured a single-award deal from Encina Wastewater Authority (EWA). The latest deal will involve the company providing digital automation and operational technology network solutions for EWA’s Cogeneration Low-Emission Augmentation and Retrofit (CLEAR) project in California.

As part of the deal, Tetra Tech will help in installing microgrid control and gas conditioning systems within the digital infrastructure of the facility. TTEK’s digital systems professionals will work on integrating information systems across biological trickling filters, oxidation catalyst emissions controls, a digester biogas conditioning facility, a 1-megawatt linear generator facility and a 1.5 megawatt-hour battery energy storage system.

This will improve the wastewater treatment process by enhancing the biogas efficiency and reducing emissions, thereby supporting EWA in offering reliable wastewater treatment and resource recovery services.

This deal is a testimony to the long-standing collaboration between both the entities. It’s worth noting that TTEK has been providing operational technology and systems integration services since 2017.

Lately, Tetra Tech has received a series of deals that are likely to drive its growth. In June 2026, TTEK secured a contract from Chelan County Public Utility District (“PUD”) for the Hydropower Dam Spillway Modernization Project at the Rock Island and Rocky Reach hydroelectric dams in Washington. The company will serve as the lead design engineer as part of a team that includes Kuney Construction and J.F. Brennan.

Also, it recently secured an engineering and technical consultancy framework from a Scotland-based company, Scotland Excel, to provide services for infrastructure and environmental projects across Scotland.

TTEK’s Zacks Rank and Price PerformanceTetra Tech is benefiting from its diversified business model, strong demand across client sectors and a robust backlog, supporting revenue growth and prompting it to raise its fiscal 2026 revenue outlook.

Image Source: Zacks Investment Research

TTEK currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 3.2% in the past month compared with the industry’s 2.5% growth.

Rising costs could weigh on TTEK’s profitability in the coming quarters. The company’s international presence exposes it to currency swings and economic challenges in global markets.

Stocks to ConsiderSome better-ranked companies from the same space are discussed below:

Quanta Services (PWR - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Quanta Services has a trailing four-quarter average earnings surprise of 10.3%. In the past 60 days, the Zacks Consensus Estimate for PWR’s 2026 earnings has increased 5.9%.

Sterling Infrastructure, Inc. (STRL - Free Report) presently sports a Zacks Rank of 1. Sterling Infrastructure delivered a trailing four-quarter average earnings surprise of 29.1%.

In the past 60 days, the consensus estimate for STRL’s 2026 earnings has increased 41.7%.

Cardinal Infrastructure Group Inc. (CDNL - Free Report) presently carries a Zacks Rank #2 (Buy). Cardinal Infrastructure delivered an earnings surprise of 27.8% in the last reported quarter.

In the past 60 days, the consensus estimate for CDNL’s 2026 earnings has increased 14%.

Key Takeaways Tetra Tech secured positions across all nine lots in Scotland Excel's four-year consultancy framework.TTEK will support councils with drainage, flooding, coastal, maritime and transportation projects.The award extends Tetra Tech's relationship with Scotland Excel, which began in 2013. Tetra Tech, Inc. (TTEK - Free Report) recently secured a framework from a Scotland-based company, Scotland Excel, to provide services for infrastructure and environmental projects across Scotland. Scotland Excel serves as the procurement organization for local governments across the country.

Under the four-year, multiple-award Engineering and Technical Consultancy Framework, TTEK secured positions across all nine service lots. The company’s engineers and technical specialists will provide consulting and engineering services to local councils across the country. This includes project planning, delivery and management services.

It also covers drainage and flooding, coastal and maritime projects, transportation and master planning. These services will help local councils develop and manage critical infrastructure projects more effectively.

Tetra Tech has been providing engineering design services to Scotland Excel since 2013 and supported various initiatives across the region. The latest deal further strengthens the long-standing relationship between the two organizations.

Lately, Tetra Tech has received a series of deals that are likely to drive its growth. In June 2026, TTEK secured a contract from Chelan County Public Utility District (“PUD”) for the Hydropower Dam Spillway Modernization Project at the Rock Island and Rocky Reach hydroelectric dams in Washington. The company will serve as the lead design engineer as part of a team that includes Kuney Construction and J.F. Brennan.

In April 2026, Tetra Tech secured a multi-year engineering and consulting contract from Waterschap Aa en Maas to support the expansion of wastewater treatment facilities and modernization of water infrastructure across the southern Netherlands.

The company will provide wastewater treatment design, water resource management, flood defense, and environmental engineering solutions to help improve clean water availability and protect against flooding for approximately 780,000 residents and 17,000 businesses across 20 municipalities.

TTEK’s Zacks Rank and Price PerformanceTetra Tech is benefiting from its diversified business model, strong demand across client sectors and a robust backlog, supporting revenue growth and prompting the company to raise its fiscal 2026 revenue outlook.

TTEK currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 7.8% in the past three months compared to the industry’s 22.6% growth.

Image Source: Zacks Investment Research

Rising costs could weigh on TTEK’s profitability in the coming quarters. The company’s international presence exposes it to currency swings and economic challenges in global markets.

Stocks to ConsiderSome better-ranked companies are discussed below:

Comfort Systems USA, Inc. (FIX - Free Report) currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

FIX delivered a trailing four-quarter average earnings surprise of 39.29%. In the past 60 days, the Zacks Consensus Estimate for Comfort Systems' 2026 earnings has increased 0.80%.

Everus Construction Group, Inc. (ECG - Free Report) presently carries a Zacks Rank of 1. The company delivered a trailing four-quarter average earnings surprise of 61.97%.

In the past 60 days, the consensus estimate for ECG’s 2026 earnings has increased 6.30%.

Knife River Corporation (KNF - Free Report) presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 2.74%.

In the past 60 days, the consensus estimate for KNF’s 2026 earnings has increased 3.43%.

Shares of Tetra Tech, Inc. (NASDAQ: TTEK - Get Free Report) have earned an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average

FTSE 100 up 160 points to 10,127 Brent crude oil hovers around $115/barrel Iran says US diplomatic demands 'unrealistic' Asos hails strong Debenhams turnaround  5.30pm: Winning day for London stocks Despite continued uncertainty over the US-Iran war and rising oil prices, London stocks rallied during Monday’s session to finish the day 160 points higher at 10,127.

4.04pm: FTSE on a flier The FTSE has enjoyed a very strong day so far, with the index up 1.6%. 

It's outperforming European stocks, where the DAX and CAC indices are both up just over 0.5%, and US stocks, where the S&P 500 is up 0.4%.

The leaderboard is led by consumer, property and financial stocks, with Burberry, Land Securities and London Stock Exchange Group among the top risers.

Burberry has been helped by some supportive analyst comments today, including from UBS.

Defence and utilities also advanced, with BAE Systems, SSE, and National Grid higher.

Chris Beauchamp at IG provides a voice for those that remain sceptical. 

“At this point it is impossible to know whether the negotiations between the US and Iran are actually occurring in some way or are merely figments of Trump’s imagination," he say.

"At any rate, the market impact of his interventions gets weaker, as we saw today. The brief bounce in stocks has rapidly fizzled out – until investors are treated to the sight of senior US officials physically getting on a plane to Pakistan to negotiate, investors will become more sceptical.”

He says the equation remains as it has done for most of the month, higher oil prices mean losses for equity markets.

"Everything else is secondary. Oil’s response has been much more muted than many had expected, but once the buffers of afloat storage are used up and shortages become commonplace, we can expect a much more dramatic move."

3pm: Oil prices ease International oil prices have eased a little this afternoon. Brent crude has dropped from above $116 this morning to just below $113 now.

The dollar is up, gold is up and market volatility via the VIX index is down.

US WTI crude is little changed however, up over 2% at around $102. 

All this follows the Trump post about talks. 

"However, we have seen these sorts of remarks repeatedly, only for the Israeli bombing to continue and Iran striking back in retaliation," says market analyst Fawad Razaqzada at Forex.com.

"In fact, Iran’s Speaker of Parliament, Ghalibaf, yesterday posted a heads-up on X, telling us exactly what to expect and how the move should then be faded."

He said it makes it difficult to know who to believe, and makes "trading these headline-driven markets in general quite difficult to navigate".

2.56pm: US tech stocks fail to hold early gains   US stocks started higher, but have flattened off, with the tech-heavy Nasdaq now only one point in the green.   

The Dow Jones is up 0.3% at 45,315, while the S&P 500 has added 0.15%.

Meanwhile, the FTSE is holding onto most of its gains, having topped 10,080 in recent minutes. 

2.25pm: Trump latest Donald Trump, in what are starting to feel like customary pre-Wall Street open Truth Social posts, said the US is in “serious discussions” with Iran.

He said the talks were being held for a “new and more reasonable regime” to end the war.

"Great progress has been made but, if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately 'Open for Business,' we will conclude our lovely 'stay' in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet 'touched.'

"This will be in retribution for our many soldiers, and others, that Iran has butchered and killed over the old Regime’s 47 year ]Reign of Terror'," he said in the post. 

1.27am: More competition for banks Money transfer specialist Wise PLC (LSE:WISE) is moving into bank territory with the launch of current accounts in the UK.

The fintech launched UK current accounts today, offering to its 3 million active customers and businesses in the UK.

Noting that £250 billion is held in UK current accounts earning zero interest, Wise said its current account customers could earn a 3.26% variable rate on GBP balances through 'Wise Assets Interest'.

Looking to attract customers, Wise is enabling features for account holders such as allowing them to buy airport lounge passes through the app, and offering accounts for children under 18 linked to a parent’s account.

Wise's chief product officer said tradiational banks "haven't kept pace with what customers expect for their current account. People shouldn't need separate accounts for home and abroad. With the Wise current account, we're giving customers a smarter way to manage their daily financial needs."

12.24pm:

Flutter Entertainment PLC's (LSE:FLTR, NYSE:FLUT) prediction markets app could generate $125 million in annual revenues not yet factored into company guidance or market consensus, according to Jefferies.

The investment bank has a 16,000p price target on the global betting and gaming group, which is more than double the current share price, which sits at 7,636.95p, up 34.95p today.

Analysts note that FanDuel Predicts, Flutter's prediction market app, has sustained strong download momentum following its first major marketing campaign earlier this month.

Daily downloads peaked at 48,000 on 14 March before settling at an average of around 11,000 over the past week, well above the 3,000 daily average recorded through February prior to the campaign launch.

11.59am: M&S in the US Marks and Spencer Group PLC (LSE:MKS) is dipping another toe in the US clothing market via an agreement to sell a "curated selection" of clothing products with Nordstrom. 

Nordstrom will offer a selection of around 60 M&S womenswear items in-store and online.

M&S, which has a US-facing online store, says it is "the first time M&S Fashion will be sold in store in the US and follows the success of M&S Food, which landed in Target back in 2022".

M&S points out that just over one in 10 customers in the US are aware of M&S as a fashion brand and so it hopes Nordstrom’s "broad customer reach" will help it build brand awareness.

Market analyst Danni Hewson at AJ Bell says: “UK corporate forays in the US have been more akin to 90s bands’ largely desultory efforts than the successful British invasion of groups like The Beatles and The Rolling Stones in the 60s."

She notes that it comes nearly a quarter of a century after M&S sold the Brooks Brothers clothing chain, which was dumped at a significant loss after "a genuine retail disaster story".

"This is a much more cautious approach than it previously pursued but could nonetheless be significant if it can tap even a portion of what is an extremely large market."

The food launch with Target has been "successful if modest", Hewson says, "and shows the brand is not sitting still as it looks for different paths to growth". 

11.22am: BoE rate hikes are not likely, says UBS  Inflation will rise and growth will fall regardless of how quickly the conflict ends, says UBS economist Dean Turner, but he thinks markets are overdoing expectations for Bank of England rate hikes given already-soft labour market conditions.

Even if the war ended today, with the Strait of Hormuz fully opened, it will likely take "many weeks" for flows of oil and LNG to return to previous levels, while damage to energy infrastructure means it could be "years" for flows to return to pre-conflict levels, says Turner.

"So, it is as certain as anything can be in the world of economics that inflation will be higher and growth lower in the coming months."

The FTSE and S&P 500 have fallen around 7% over the past month, while on bond markets, yields on 10-year US Treasuries and gilts have soared due to expectations for higher inflation and weaker growth.

While this is "not an unreasonable assumption", Turner says expectations for central bank policy U-turns, which also are a key driver of bond markets, are "more questionable at this stage".

Rising inflation has flipped market expections from one or two BoE rate cuts this year, to either two to four hikes before the end of the year.

"Unquestionably, the BoE delivered a hawkish message at the last meeting, but speeches since then have seen the tone become a little more pragmatic," Turner points out.

"One thing is clear to us: rate cuts are off the table for the time being, and we currently think that November is the earliest opportunity for this.

"But the need for rate hikes is much more questionable. As many have already pointed out, there is nothing that monetary policy can do to offset the closing of the Strait of Hormuz; second-round effects of higher prices (read as accelerating wage growth) are the focus.

"Given the evident softness already in the labour market, our view is that market expectations for hikes are overdone."

However, as the conflict continues, he says "it makes sense" for investors to consider reducing risk in portfolios, "and using periods of volatility to rebalance investments in line with long-term investment plans".

10.28am: Iran says US demands 'unrealistic' and 'excessive' US proposals to end the war, says the spokesperson for Iran's Ministry of Foreign Affairs, are "unrealistic, illogical and excessive".

Esmaeil Baqaei told reporters that Iran received messages via intermediaries indicating the US’s willingness to negotiate, Reuters reports. 

“Our position is clear. We are under military aggression. Therefore, all our efforts and strength are focused on defending ourselves,” he says.

Yesterday foreign ministers from Pakistan, Egypt, Saudi Arabia, and Turkey convened in Islamabad to discuss reopening the Strait of Hormuz shipping lanes. 

10.22am: Bank of England money and credit data for February Mortgage approvals rose to 62,600 in February from 60,200 in January, above the consensus forecast of 60K. 

Meanwhile, households deposited a net £5.8 billion into banks and building societies, up from £4.3 billion the previous month – with £4.6 billion flowing into ISAs alone ahead of the tax year end.

The effective rate on newly drawn mortgages edged up to 4.10% from 4.09%.

Analysts note the figures predate the Middle East conflict and the inflationary pressures it has triggered, making them something of a snapshot of a more optimistic moment that has since passed.

"Consumers appeared comfortable with their levels of savings just prior to the War in Iran, suggesting a willingness for households to partly smooth consumption through the latest energy price shock," says Elliott Jordan-Doak, economist at Pantheon Macroeconomics. 

The improvement in housing market activity matched the good mood seen in the lending data, he says.

"But we think activity in the housing market will grind down over Q2, with much of the hit to activity in the housing market coming from a blow to sentiment, given how sensitive the market has been to the newsflow over the past few years.

"That said, fundamental affordability will also deteriorate if the MPC hikes interest rates several times this year, as the market is expecting. So, we now expect house prices to rise by just 1.0% year-over-year in Q4 2026, down from our call of 3.0% before."

9.34am: Markets higher 'but wary' While the FTSE and other European indices are higher, "intense wariness remains" in financial markets, says market analyst Susannah Streeter at Wealth Club, as concerns about the Iran war’s duration continue.

President Trump’s words are "no longer holding as much sway, with increasing scepticism about his claims about the war’s trajectory", says Streeter.

"While last week his boast that significant progress had been made in talks saw a sharp reversal in oil prices, today it’s a different story. Brent crude is staying stubbornly elevated, at the painful level of above $115 a barrel, as traders assess an increasingly complex and intractable conflict."

But she notes that Trump's messaging is also complex, if not confusing; threatening escalation on one hand, positioning to seize the strategically important Kharg Island, on the other he is claiming a deal is close to being done.

"The warnings that crude prices could hit $150 a barrel if the war continues for many weeks or even months are a highly troubling prospect. Qatar forecast that possibility and Iran has warned that crude prices could even hit $200 a barrel.

"Given the destruction of energy facilities and the ongoing blockade of the Strait of Hormuz, any big retreat in crude prices looks unlikely right now. However, there are no shortages of supply, and panic at the pumps will cause even more problems."

9.12am: Footsie stepping higher After just over an hour of trading, the FTSE 100 is firmly higher, with many of the index's heavyweights putting in solid gains.

Of the top 12 largest stocks, only two are in the red (HSBC down 0.5% and Rolls down 0.2%), with many of them up well over 1%.

While oil giants Shell and BP are both up around 1.5% due to the elevated crude price, AstraZeneca, BAT, Glencore, National Grid and BAE Systems are all up strongly. 

Rio Tinto is top of the risers after reassuring investors that it is keeping guidance intact after a tropical cyclone caused some shipping terminals to shut.  

8.46am: A rare IPO  London has a new arrival on the market this morning.

Halo Minerals, a company looking to extract copper from legacy mining waste in northern Chile, has raised £4 million and listed on AIM.

The shares started on the back foot as trading began this morning, dropping 4% to 17.25p from the 18p issue price of the initial public offering.

Operations are focused on processing tailings at the 100% owned Playa Verde project in the Atacama region, the prolific copper-producing area where BHP's Escondida mine is based, along with operations of state-owned giant Codelco, which has partnerships with Antofagasta, Freeport-McMoRan and Rio Tinto.

8.15am: FTSE starts week in green The FTSE 100 has begun the week slightly on the front foot, up around 13 points to just over 9,980.

A 3.6% rise for Rio Tinto, outperforming smaller gains for the wider mining sector, with Glencore next, up 0.9%. 

Housebuilders such as Barratt Redrow and utilities such as SSE were helping, likely to be boosted as government bond yields retreated (see analysis below). 

Biggest fallers are 3i Group, Informa, HSBC and Whitbread. 

7.44am: Boohoo hails cost cutting impact on profits Boohoo Group PLC (AIM:DEBS) has delivered underlying profits comfortably ahead of its own guidance, with EBITDA up 36% to £53 million in the year to February, driven by a 76% surge in the second half.

The online fashion retailer, which operates under the Debenhams brand, said the second-half growth reflected the accelerated impact of its cost-cutting and restructuring programme.

Chief executive Dan Finley said the business had reset its cost base, completed a warehouse consolidation, migrated to a new technology platform and "rightsized" its stock levels – work he described as "significant progress, ahead of our plan".

Finley has also nudged up the outlook for the coming year too.

7.33am: Market analysis - oil up but bonds ease With a new threat to shipping through the Suez Canal over the weekend, oil prices have continued to climb as we start a new week, with Brent crude topping $116 a barrel earlier and sitting above $115.

"Several factors have contributed," says Henry Allen at Deutsche Bank's macro strategy team, but the joining of the Iran-backed Houthis to the Middle East conflict over the weekend, launching strikes at Israel, has raised "fears about a new front in the war".

The Wall Street Journal has also reported this morning that President Trump is weighing a military operation to extract Iran’s uranium, adding to the FT interview where he Trump openly suggested the US could take the Kharg Island export hub.

"So there’s still no sign of a clear end to the conflict, and given the various headlines, investors remain fearful about a fresh escalation.

"With everything that’s happened, the market impact is becoming increasingly serious," he says, with the S&P 500 down for five consecutive weeks for the first time since 2022, back when the global economy was facing a similar stagflationary shock, while the Nasdaq fell over 3% last week to mark its worst weekly performance since Trump's tarriff announcements last year.

"Fears about a longer conflict are evident from the energy futures curve," says Allen, with three-month Brent crude futures up another 1.8% this morning to $100.50 a barrel, which would be their highest closing level since the conflict began.

"So it’s becoming clear that markets are expecting an extended period of high oil prices, with stagflationary implications for the global economy.

"Interestingly though, the primary concern this morning has shifted back to the growth side rather than inflation. So markets are pricing out the likelihood of imminent hikes and sovereign bond yields have fallen."

On the index swaps market, the next ECB meeting in April below 50% for the first time in over a week, while US 10yr Treasury yields fell back overnight from their eight-month high on Friday.

"Meanwhile for equities, US futures are stable this morning, with those on the S&P 500 unchanged, but they’re more negative in Europe, with DAX futures down -0.65%."

7.18am: FTSE 100 expected to start lower The FTSE 100 is expected to start the week with a decline of around 24 points, as energy prices continue to climb amidst threats to key shipping lanes in the Middle East and rhetoric from US President Donald Trump.

Brent crude is standing above $115 a barrel, similar to levels reached at the end of last week, with investors weighing the risk of further disruption to global energy supplies and ensuing inflation.

Trump said a deal with Iran was possible but said his preference would be to “take the oil”, he told the FT, which would involve ground troops seizing the key export hub Kharg Island.

But, per Reuters, he told reporters on Air Force One: "I think we’ll make a deal with them, I’m pretty sure. But it’s possible we won’t."

The London index closed at 9,967.35 last week, down around five points on the last day of trading, up around 50 over the week but down over 800 points since the start of the month. 

Asian markets are down this morning, with Japan's Nikkei 3%, while the Hang Seng is down 1% and India's Sensex 1.4% lower.  

American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) has commissioned a key technical study aimed at advancing its ambitions to move further down the rare earths value chain, engaging US engineering group Tetra Tech (NASDAQ:TTEK) to assess pathways from oxide production to metal for its flagship Halleck Creek project in Wyoming.

The Oxides to Metals study will evaluate how the company can convert separated heavy rare earth oxides into metal — a critical midstream step immediately preceding the manufacture of permanent magnets used across defence and advanced technology applications.

The move builds on American Rare Earths’ broader strategy to establish an integrated, US-based rare earths supply chain, at a time when policymakers are seeking to reduce reliance on China’s dominance in midstream processing and magnet production.

Study targets critical heavy rare earths suite The work will focus on the company’s heavy rare earth elements (HREE) suite — including samarium, gadolinium, terbium and dysprosium — which are essential for high-temperature permanent magnets used in electric vehicles, defence systems and clean energy technologies.

Tetra Tech will assess a range of processing technologies, including molten salt electrolysis and calciothermic reduction, before selecting a preferred development pathway.

Key outputs from the study are expected to include:

A preferred processing technology for oxide-to-metal conversion A process flow diagram and mass balance A major equipment list Preliminary capital and operating cost estimates An assessment of the strategic and operational benefits of integrating metal production with planned refining operations in Wyoming The study will be led out of Tetra Tech’s Salt Lake City, Utah, office.

Extending Halleck Creek’s value chain The initiative represents the next step in assessing how far downstream American Rare Earths can take production from Halleck Creek, which the company has previously highlighted as one of the largest known rare earth deposits in North America.

With bench-scale work already demonstrating the ability to produce separated rare earth oxides, the current study shifts focus to downstream integration — from mining and refining through to metal production within the United States.

CEO Mark Wall said the work aligns with the company’s goal of building a secure domestic supply chain.

“American Rare Earths believes that advancing oxide-to-metal options for its heavy rare earths stream is an important step toward realising its vision of a Wyoming-based, mine-to-magnet contribution to the US rare earths supply chain,” he said.

Aligning with US policy priorities The study also positions American Rare Earths within a broader push by the US government to develop domestic capabilities across the rare earths value chain.

China currently dominates the midstream segment, including oxide separation and metal production. In response, US policymakers have identified rare earths as a strategic priority, supporting initiatives that strengthen domestic processing and manufacturing capacity.

By evaluating in-country metal production, American Rare Earths is aiming to offer future customers and partners a jurisdictionally secure supply of critical materials — particularly heavy rare earth metals, which are typically more constrained and strategically valuable than their light rare earth counterparts.

Building on recent momentum The oxide-to-metal study follows a series of developments aimed at advancing Halleck Creek and strengthening the company’s technical and strategic capabilities.

Recent updates have included supplying ore from Halleck Creek for US Department of Energy-backed research programs and expanding leadership with senior technical appointments to drive project development.

The company has also been progressing broader project studies and refining its development pathway as it seeks to position Halleck Creek as a cornerstone asset in the emerging US rare earths supply chain.

With the latest study now under way, American Rare Earths is moving to define how its resource can translate into higher-value downstream products — a step that could materially influence project economics and strategic relevance as global demand for critical minerals continues to accelerate.

Tetra Tech (TTEK - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Tetra basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For Tetra, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for TetraFor the fiscal year ending September 2026, this consulting and engineering services company is expected to earn $1.50 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Tetra. Over the past three months, the Zacks Consensus Estimate for the company has increased 1%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Tetra to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

PASADENA, Calif.--(BUSINESS WIRE)-- #leadingwithscience--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that Northern Ireland Water, the region's sole provider of water and sewage services, has selected Tetra Tech to provide high-end water and wastewater sampling services for water quality protection and enhanced resiliency of their water supplies. Tetra Tech's water and environment experts wil.

PASADENA, Calif.--(BUSINESS WIRE)-- #consultingandengineering--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced results for the second quarter ended March 29, 2026. Revenue and revenue, net of subcontractor costs (net revenue)1, in the second quarter totaled $1.22 billion and $1.05 billion, respectively. Net revenue increased 8% Y/Y excluding USAID / DOS and disasters. Operating income was $132 million.

Tetra Tech, Inc. (TTEK) Q2 2026 Earnings Call Transcript

Tetra Tech is rated buy with a $42 price target, offering ~40% upside from current levels. Q2 FY26 marked an inflection point: backlog grew 8% sequentially to $4.28B, EBITDA margin expanded 90 bps, and record cash flow was achieved. TTEK's digital automation portfolio (WaterNet, PFAScrub) and high-margin fixed-price contract mix drive competitive differentiation and margin expansion.