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.
Tetra Tech, Inc. (NASDAQ:TTEK – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $42.60.
Several analysts have recently issued reports on TTEK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Robert W. Baird set a $43.00 price objective on Tetra Tech in a research report on Thursday, January 29th.
Check Out Our Latest Analysis on TTEK
Tetra Tech Stock Performance TTEK opened at $31.61 on Friday. The company has a market cap of $8.24 billion, a PE ratio of 23.77 and a beta of 0.98. The stock has a 50-day moving average of $33.44 and a 200-day moving average of $34.27. Tetra Tech has a 52-week low of $29.57 and a 52-week high of $43.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.31.
Tetra Tech (NASDAQ:TTEK – Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The firm’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. As a group, equities research analysts forecast that Tetra Tech will post 1.37 earnings per share for the current fiscal year.
Tetra Tech Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, February 12th. Tetra Tech’s payout ratio is currently 19.55%.
Insider Buying and Selling at Tetra Tech In related news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total transaction of $401,455.17. Following the completion of the transaction, the senior vice president owned 46,496 shares of the company’s stock, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.
Hedge Funds Weigh In On Tetra Tech Large investors have recently made changes to their positions in the business. Bfsg LLC acquired a new position in shares of Tetra Tech during the 3rd quarter worth about $25,000. Financial Consulate Inc. acquired a new position in shares of Tetra Tech during the 3rd quarter worth about $26,000. Root Financial Partners LLC acquired a new position in shares of Tetra Tech during the 3rd quarter worth about $30,000. First Horizon Corp lifted its position 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 during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
Tetra Tech Company Profile (Get 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)-- #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)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that Waterschap Aa en Maas, a significant water authority in the southern region of the Netherlands, has selected Tetra Tech to provide engineering and consulting services to expand wastewater treatment facilities and future-proof the region’s water system infrastructure.
Tetra Tech secured positions in two sectors of the framework for a maximum duration of 6 years. Tetra Tech’s water and environment experts will deliver high-end wastewater treatment engineering and design solutions to protect the region’s water supply from emerging contaminants and increase the availability of clean water for homes, agriculture, and businesses. Our teams will leverage Tetra Tech's in-house, advanced data analytics and water resource management software, such as WaterNet™, to enhance the modernization of water systems and optimization of flood defense infrastructure design. Tetra Tech’s work on this framework will support sufficient clean water and protection against flooding for 780,000 people and 17,000 businesses across 20 municipalities.
"Tetra Tech has used our Leading with Science® approach to provide our clients with state-of-the-art flood protection, water system engineering and wastewater treatment solutions for 60 years,” said Roger Argus, Tetra Tech Chief Executive Officer. "We look forward to designing innovative water management solutions that support Waterschap Aa en Maas to expand clean water supplies and provide resilient water infrastructure across the southern region of the Netherlands."
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.
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.
Key Takeaways Tetra Tech Q2 EPS beat estimates, rising 3%, while net revenues topped forecasts despite a Y/Y drop.TTEK saw strong demand in water, environmental and international markets, boosting backlog 8%.Raised FY2026 revenue and earnings outlook reflects confidence despite GSG segment weakness. Tetra Tech, Inc. (TTEK - Free Report) posted second-quarter fiscal 2026 adjusted earnings of 34 cents per share, up 3% year over year and ahead of the Zacks Consensus Estimate of 31 cents by 9.7%.
Net revenues were $1.05 billion, down 4.9% year over year, but topped the consensus mark of $999 million by 5.1%. Backlog ended the quarter at $4.28 billion, up 8% sequentially, supported by solid demand across water and environmental end markets.
On a GAAP basis, TTEK reported revenues of $1.22 billion compared with $1.32 billion in the year-ago quarter.
Tetra Tech Benefited From CIG Growth Offset by GSGRevenues from U.S. Federal customers (accounting for 20% of the quarter’s revenues) were up 11% year over year, supported by a solid pipeline of projects from the Defense and U.S. Army Corps of Engineers. U.S. Commercial sales (19% of the quarter’s revenues) decreased 2% year over year due to lower renewable energy sales.
U.S. State and Local sales (14% of the quarter’s revenues) increased 9% year over year, driven by strength in municipal water infrastructure. International sales (47% of the quarter’s revenues) were up 12% year over year, driven by strength in the UK’s water and digital water automation programs
Tetra Tech reports revenues under the segments discussed below:
The Commercial/International Services Group (CIG) delivered net revenues of $591.2 million, up 9.6% year over year. Government Services Group (GSG) net revenues were $458.5 million, down 18.8% from the prior-year quarter. The mix across the two operating groups continued to be a key swing factor in consolidated results, with CIG strength partially offsetting lower year-over-year volume in GSG.
TTEK's Margin ProfileTTEK continued to manage its financing costs while maintaining capacity for growth investments. In the fiscal second quarter, Tetra Tech’s subcontractor costs totaled $170.5 million, reflecting a decrease of 21.9% from the year-ago quarter. Other costs of revenues (adjusted) were $835.5 million, down 6.1% from the second quarter of fiscal 2025. Selling, general and administrative expenses (adjusted) were $82.6 million, down 1.8% from the year-ago fiscal quarter.
Adjusted operating income increased 1.1% year over year to $131.5 million while the adjusted margin increased 70 basis points to 12.5%.
Tetra Tech’s Balance Sheet and Cash FlowWhile exiting the fiscal second quarter, Tetra Tech had cash and cash equivalents of $223.6 million compared with $167.5 million recorded at the end of fiscal 2025. Long-term debt was $880.2 million compared with $763.4 million recorded at the end of fiscal 2025.
In the first six months of fiscal 2026, Tetra Tech generated net cash of $237.6 million from operating activities compared with $7.2 million in the prior fiscal year period. Capital expenditure was $10.1 million, up 12.2% year over year. In the first six months of fiscal 2026, TTEK’s proceeds from borrowings amounted to $240 million while repayments on long-term debt were $125 million.
Shareholder-Friendly PoliciesTetra Tech distributed dividends totaling $33.9 million in the first six months of fiscal 2026. This compares favorably with dividends of $30.9 million distributed in the previous fiscal year period. It repurchased shares worth $102 million in the same period compared with $175 million in the previous fiscal year period.
TTEK’s Fiscal 2026 OutlookFor fiscal 2026 (ending September 2026), Tetra Tech anticipates net revenues to be in the range of $4.25-$4.40 billion, higher than $4.15-$4.30 billion projected earlier. However, the projection is lower than the net revenues of $4.62 billion reported in fiscal 2025. Adjusted earnings are currently predicted to be $1.50-$1.58 per share compared with $1.46-$1.56 guided previously. It reported earnings of $1.56 per share in fiscal 2025.
For the fiscal third quarter, management estimates net revenues to be in the range of $1.05-$1.10 billion. Adjusted earnings are projected to be in the band of 38-41 cents per share.
TTEK’s Zacks Rank and Other Stocks to ConsiderThe company currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks are discussed below:
DXP Enterprises (DXPE - Free Report) presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DXP Enterprises’ earnings surpassed the consensus estimate by 52.8% in the last reported quarter. In the past 60 days, the Zacks Consensus Estimate for DXPE’s 2026 earnings has increased 17.2%.
Kennametal (KMT - Free Report) presently sports a Zacks Rank of 1. Kennametal’s earnings surpassed the consensus estimate thrice and missed once in the trailing four quarters. The average earnings surprise was 35.4%. In the past 60 days, the Zacks Consensus Estimate for Kennametal’s fiscal 2026 earnings has increased 9%.
Powell Industries (POWL - Free Report) currently carries a Zacks Rank of 2. Powell’s earnings topped the consensus estimate in each of the trailing four quarters. The average earnings surprise was 12.9%. In the past 60 days, the Zacks Consensus Estimate for Powell’s fiscal 2026 earnings has increased 3%.
Tetra Tech (TTEK - Free Report) closed the last trading session at $31.67, gaining 1.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $41.33 indicates a 30.5% upside potential.
The average comprises six short-term price targets ranging from a low of $35.00 to a high of $48.00, with a standard deviation of $4.46. While the lowest estimate indicates an increase of 10.5% from the current price level, the most optimistic estimate points to a 51.6% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in TTEK. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in TTEKThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 2.3%.
Moreover, TTEK currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much TTEK could gain, the direction of price movement it implies does appear to be a good guide.
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.
On May 18, 2026, Tetra Tech Inc TTEK shares rose 4.2% today, closing at $27.29. While this uptick is a welcome sign, the stock has experienced significant declines over the past year, with a 52-week range of $25.81 to $43.14.
GF Value™ verdict: The current price is $27.29, which is 25.6% below the GF Value™ estimate of $36.67.GF Score™: TTEK has a score of 86/100, indicating a strong overall position.Most notable signal: Insiders bought $0.1 million worth of shares in the last three months, with no selling activity. Is TTEK Overvalued or Undervalued? Based on the GF Value™, Tetra Tech Inc TTEK is currently assessed to be undervalued, with a current market price of $27.29 compared to a GF Value™ of $36.67. This represents a significant margin of safety of 25.6%. The GF Valuation label describes TTEK as "Modestly Undervalued," suggesting that there is an opportunity for investors to consider the stock at its current price level. However, it is also essential to recognize that undervaluation can involve risks, especially if market sentiments shift or if the company faces operational challenges.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. This methodology underscores the potential for TTEK's shares to appreciate towards their intrinsic value, provided that the company's fundamentals remain robust and the market stabilizes.
How Does TTEK's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 16.3x 33.8x Forward P/E 17.6x N/A The current P/E (TTM) ratio of 16.3x is substantially below its 5-year median P/E of 33.8x, indicating that TTEK is trading at a significant discount compared to its historical valuation. Furthermore, the forward P/E of 17.6x also suggests that the stock remains attractive relative to its past performance. This P/E analysis aligns with the GF Value™ verdict, reinforcing the idea that TTEK is currently undervalued.
What Does TTEK's GF Score™ Tell Us? Metric Rating GF Score™ 86/100 Financial Strength 7/10 Profitability 9/10 Growth 7/10 Valuation 8/10 Momentum 4/10 TTEK's GF Score™ of 86/100 indicates a strong overall performance across various key metrics. The company excels in profitability with a score of 9/10, showcasing its ability to generate earnings effectively. Financial strength also scores a respectable 7/10, reflecting a solid balance sheet. However, the momentum rank of 4/10 suggests that the stock has faced challenges in price performance, which could be a concern for potential investors. Overall, TTEK demonstrates strong fundamentals, yet the momentum signals potential volatility.
What Are Insiders Doing with TTEK Stock? In the last three months, insiders at Tetra Tech Inc have shown confidence in the company's future by purchasing $0.1 million worth of shares, with no reported selling activity. This insider buying may suggest that those with the most insight into the company's operations believe that the stock is undervalued and has the potential for growth. Such activity can be a positive signal for the market, indicating that insiders expect the company's performance to improve in the near future.
What This Means for Investors Based on the GF Value™, Tetra Tech Inc TTEK is currently undervalued. With a significant margin of safety and solid GF Score™, TTEK presents an intriguing opportunity for those looking at potential investments in the construction sector. However, prospective investors should remain cautious of the stock's momentum rank and recent performance trends.
For the complete analysis, visit the Tetra Tech Inc TTEK stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TTEK's GF Score™?
TTEK's GF Score™ is 86/100, which indicates a strong overall performance based on financial strength, profitability, growth, valuation, and momentum.
Is TTEK overvalued or undervalued?
TTEK is currently considered undervalued, with a GF Value™ of $36.67 compared to its current price of $27.29.
What is TTEK's P/E ratio?
TTEK's P/E (TTM) is 16.3x, which is significantly below its 5-year median P/E of 33.8x, indicating that the stock is trading at a discount compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Abasca Resources Inc. has engaged Tetra Tech Canada Inc. to complete a Preliminary Economic Assessment ("PEA") on the 100%-owned Loki Flake Graphite Deposit (Loki Deposit), marking a key step in advancing the deposit from exploration toward a development-ready asset.
The PEA will incorporate an updated Mineral Resource Estimate ("MRE") that reflects the materially extended strike length of the Loki Deposit defined by the 2025 and 2026 drilling.
The study scope covers the conceptual mine design, a metallurgical flowsheet for high-grade flake graphite concentrate, and infrastructure analysis leveraging the proximity to the Key Lake mill site, with strategic oversight from High Grade Mining Consulting Ltd.
SASKATOON, SK / ACCESS Newswire / May 26, 2026 / Abasca Resources Inc. ("Abasca" or the "Company") (TSXV:ABA) is pleased to announce that it has engaged Tetra Tech Canada Inc. ("Tetra Tech") to complete a Preliminary Economic Assessment ("PEA") for the Loki Flake Graphite Deposit at the Company's 100%-owned Key Lake South Project located in northern Saskatchewan (Figure 1).
The engagement of Tetra Tech, a leading global provider of consulting and engineering services, marks a significant milestone in advancing the Loki Deposit from an exploration project toward a development-ready asset. The PEA will provide an initial evaluation of the project's economic potential, including capital and operating cost estimates, mine design, and metallurgical recovery processes.
Advancing the Loki Flake Graphite Deposit
The PEA will incorporate an updated Mineral Resource Estimate, which reflects the successful 2025 and 2026 drilling programs. These programs extended the delineated strike length of the Loki Deposit from 500 metres to approximately 1,400 metres (Figure 2), providing a larger mineralized footprint to be included in the updated MRE that will underpin the PEA. The study, which will be used to identify additional exploration work, will also build upon the environmental baseline studies, metallurgical testing, and geotechnical drilling data acquired over the previous year, as well as incorporate strategic input from High Grade Mining Consulting Ltd., led by Gary Haywood, P.Eng., who was recently engaged to oversee technical de-risking and project strategy.
The study will include:
Mineral Resource Estimate (MRE) Update: Incorporate and model data from more than 50 infill and extension drillholes completed in 2025 and 2026, which were not included in the maiden MRE. The updated MRE, to be prepared by Understood Mineral Resources Ltd., will reflect the expanded strike length of the Loki Deposit and support upgrades to higher resource classifications.
Open Pit Mine Engineering: design of a starter pit for bulk sampling to support a flotation pilot plant during the advanced exploration phase as well as a full-scale pit design from the optimization shell and Life of Mine production schedule
Mineral Processing: incorporate all metallurgical testing completed on the project and to facilitate the site-specific process design flowsheet for producing high-grade flake graphite concentrates.
Infrastructure: leverage the project's proximity to existing infrastructure that provides the project with Highway access and grid-power.
Environmental Studies, Permitting, and Social/Community Impact: using work-to-date to describe the project's environmental setting, baseline data collection, site water management, permitting requirements, and socioeconomic and community engagement.
Economic Analysis: provision of a capital cost estimate and operating cost estimate to support the production of a graphite concentrate on site.
"Engaging Tetra Tech is a pivotal step in our Fast-Track Roadmap to Production. Tetra Tech's extensive experience with northern Saskatchewan projects and its global expertise in graphite processing make it the ideal partner to help us unlock the value of the Loki Deposit. This PEA will provide the technical and economic framework required to advance the project into the Feasibility stage and ultimately bring this critical mineral asset into production," said Dawn Zhou, President and CEO of Abasca.
For more information on the Loki Flake Graphite Deposit and an overview of the Key Lake South Project, please visit the Company's website at https://www.abasca.ca.
Figure 1: Map of the Key Lake South Project area showing the location of the Loki Flake Graphite Deposit.
Figure 2: Oblique view of the Loki Flake Graphite Deposit showing the mineralized graphite zones and the 2024 mineral resource model and pit-optimized shell. The delineated strike length of mineralization has now been extended to 1,400 m.
Qualified Person
The technical information in this news release has been reviewed and approved by Brian McEwan, P.Geo., a Qualified Person as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. McEwan is the Vice-President of Exploration and Development of Abasca.
About Tetra Tech Canada Inc.
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With a strong presence in Canada, Tetra Tech has been involved in several world-class mining projects in the Athabasca Basin and possesses specialized expertise in critical minerals and sustainable resource development.
About Abasca Resources Inc.
Abasca is a mineral exploration company that is primarily engaged in the acquisition and evaluation of mineral exploration properties. The Company owns the Key Lake South Project (KLS), a 23,977-hectare exploration project located in the Athabasca Basin Region in northern Saskatchewan, approximately 15 km south of the former Key Lake mine and current Key Lake mill. The project possesses geological similarities with and is along-strike of the past-producing Key Lake Mine and hosts over 50 km of prospective conductors for potential uranium mineralization. KLS is also host to the Loki Flake Graphite Deposit comprising a total inferred resource of 11.31 Mt at 7.65 % Cg. Subsequent drilling programs in 2025 and 2026 have extended the strike length of the Loki Deposit, and these results will be incorporated into the updated mineral resource estimate that will underpin the upcoming PEA. Please refer to the technical report dated May 29, 2025, with an effective date of April 10, 2025 and titled "Technical Report on the Key Lake South Project with Initial Mineral Resource Estimate for the Loki Flake Graphite Deposit, Saskatchewan, Canada", filed under the Company's profile on the SEDAR+ website, for further information about the current resource estimate.
On behalf of Abasca Resources Inc.
Dawn Zhou, M.Sc, CPA
President, CEO and Director
For more information visit the Company's website at https://www.abasca.ca or contact:
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information
This press release may contain certain forward-looking information ("forward-looking information") within the meaning of applicable Canadian securities legislation that are not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Forward-looking information reflects management's current beliefs with respect to future events and is based on information currently available to management. Forward-looking information contained in this press release includes, but is not limited to, statements relating to an updated mineral resource estimate for the Loki Deposit; the preparation of a preliminary economic assessment for the Loki Deposit that will provide an initial evaluation of the project's economic potential, including capital and operating cost estimates, mine design and metallurgical recovery processes; the de-risking of the Loki Deposit; the advancement of the Loki Deposit from an exploration project towards a development-ready asset; the PEA providing the technical and economic framework required to advance the Loki Deposit into the feasibility stage and ultimately bring the project into production; and the acceleration of the Company's path towards its production goals. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Abasca undertakes no obligation to comment on analyses, expectations, or statements made by third-parties in respect of Abasca, its securities, or financial or operating results (as applicable). Although Abasca believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks, uncertainties and factors, certain of which are beyond Abasca's control, including the impact of general business and economic conditions; risks related the exploration activities to be conducted on KLS, including risks related to government and environmental regulation; actual results of exploration activities; industry conditions, including uranium and graphite price fluctuations, interest and exchange rate fluctuations; the influence of macroeconomic developments; business opportunities that become available or are pursued; title, permit or license disputes related to KLS; litigation; fluctuations in interest rates; the impact of international trade disputes and the imposition of tariffs, international conflict and other geopolitical tensions and events; the Company's ability to raise additional capital; and other factors. In addition, the forward-looking information is based on several assumptions which may prove to be incorrect, including, but not limited to, assumptions about the availability of qualified employees and contractors for the Company's operations and the availability of equipment. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. Abasca disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
On June 02, 2026, Tetra Tech Inc TTEK shares fell 4.1% today, bringing the current price to $27.12. This recent decline has pushed the stock further down within its 52-week range of $25.81 to $43.14.
GF Value™ verdict: Current price is $27.12 vs GF Value™ of $36.19, indicating a 25.1% undervaluation.GF Score™ of 87/100 (Strong), suggesting solid fundamentals.Notable insider activity: Insiders bought $0.1M in the last 3 months with no selling reported. Is TTEK Overvalued or Undervalued? Tetra Tech Inc's current price of $27.12 is significantly below the GF Value™ of $36.19, reflecting a 25.1% margin of safety for potential buyers. This undervaluation indicates an opportunity for investors looking to capitalize on the discrepancy between market price and intrinsic value. The GF Valuation label categorizes TTEK as modestly undervalued, suggesting that the market may not be fully recognizing the company's strengths and growth potential. As such, investors should carefully consider this opportunity while remaining aware of the risks associated with market volatility and sector-specific challenges.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does TTEK's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 16.2x 33.6x Forward P/E 15.8x N/A The current P/E (TTM) of 16.2x is 52% below Tetra Tech's 5-year median P/E of 33.6x. This significant difference indicates that the stock is trading well below its historical valuation levels. The P/E analysis aligns with the GF Value™ verdict, reinforcing the notion that TTEK is undervalued at its current price.
What Does TTEK's GF Score™ Tell Us? Metric Rating GF Score™ 87 Financial Strength 7/10 Profitability 9/10 Growth 7/10 Valuation 8/10 Momentum 5/10 Tetra Tech's GF Score™ of 87/100 indicates strong fundamentals, with Profitability being the standout at 9/10, suggesting the company is highly efficient in generating profits. Meanwhile, Momentum has the lowest rating at 5/10, indicating some concerns regarding the stock's recent performance trends. Overall, the scores suggest that while TTEK has robust financial and profitability metrics, its recent price action may require further investigation.
What Are Insiders Doing with TTEK Stock? In the past three months, insiders have purchased $0.1 million worth of Tetra Tech shares, with no reported selling activity. This buying trend could suggest that insiders have confidence in the company's future prospects and believe that the current stock price presents a buying opportunity. Insider activity can serve as a valuable signal for investors, as it may reflect the sentiment of those with the most knowledge about the company's operations.
What This Means for Investors Based on the GF Value™ analysis, Tetra Tech Inc TTEK is currently undervalued. The significant gap between the current price and the estimated intrinsic value indicates an opportunity for potential investment. However, investors should remain vigilant regarding market conditions and the company's performance trajectory.
For the complete analysis, visit the Tetra Tech Inc TTEK stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TTEK's GF Score™?
TTEK's GF Score™ is 87/100, indicating strong fundamentals and the potential for long-term returns.
Is TTEK overvalued or undervalued?
TTEK is currently undervalued, with a GF Value™ of $36.19 compared to the current price of $27.12.
What is TTEK's P/E ratio?
TTEK's P/E ratio is 16.2x, which is significantly below its 5-year median of 33.6x, indicating it is trading at a lower valuation compared to its historical levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end solutions in water, environment, and sustainable infrastructure, announced today that Tetra Tech was selected as lead design engineer, as part of the Kuney Construction and J.F. Brennan team, to provide planning, assessment, engineering, and construction services for the Progressive Design-Build (PDB) Hydropower Dam Spillway Modernization Project for Chelan County Public Utility District (PUD).
Under the single-award, multi-year contract, Tetra Tech’s engineers, scientists, and technical specialists will support the Chelan County PUD and the PDB team to develop new and resilient spillway infrastructure for Rock Island Dam and Rocky Reach Dam in Washington. Tetra Tech will combine advanced subject matter expertise with in-house innovative design capabilities to improve the operational reliability and safety at both hydroelectric dam facilities on the Columbia River, the fourth largest river in the United States by flow. Our teams will conduct critical infrastructure condition assessments; perform structural, mechanical, and electrical analyses to develop new spillway gates, gate auto-hoists and controls; spillway concrete rehabilitation; perform advanced seismic analyses; develop structured risk and potential failure mode (PFM) analyses; perform targeted value engineering studies; and develop innovative design solutions for both dam facilities.
“Chelan County Public Utility District owns and operates the second largest nonfederal, publicly owned hydroelectric generating system in the nation,” said Roger Argus, Tetra Tech CEO. “Tetra Tech is pleased to use our Leading with Science® approach and high-end hydropower expertise to improve the safety and operational reliability of this critical infrastructure and support Chelan County PUD in providing a safe, resilient power supply for their customers.”
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.
Key Takeaways Tetra Tech was selected as the lead design engineer for Chelan County PUD's dam upgrade project.TTEK will support spillway upgrades at Rock Island Dam and Rocky Reach Dam in Washington.Tetra Tech will conduct seismic studies, risk assessments and develop new spillway designs. Tetra Tech, Inc. (TTEK - Free Report) has 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. Financial terms of the deal were kept under wraps.
Per the multi-year, single-award deal, TTEK will provide planning, evaluation, engineering and construction support services for the spillway modernization project. The project, which will be executed using a Progressive Design-Build approach, is focused on upgrading spillway facilities at Rock Island Dam and Rocky Reach Dam in Washington. Both facilities are located on the Columbia River.
To support the project, the company's engineers, scientists and technical specialists will evaluate existing infrastructure and undertake a series of engineering and technical assessments. Their responsibilities will include developing designs for new spillway gates, associated lifting systems and control equipment. The scope of work includes planning concrete rehabilitation activities at the dams.
TTEK will carry out seismic studies, assess project risks and evaluate potential failure modes. The company will also conduct value engineering studies and develop design solutions for both dam facilities.
The contract strengthens Tetra Tech’s presence in the hydropower market and adds to its portfolio of water and energy infrastructure projects. The planned upgrades are expected to improve the safety and reliability of the two dams and support long-term power generation for Chelan County PUD.
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 17.1% in the past three months compared to the industry’s 17.5% 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 30 days, the Zacks Consensus Estimate for Comfort Systems 2026 earnings has increased 0.73%.
Sterling Infrastructure, Inc. (STRL - Free Report) presently carries a Zacks Rank of 1. The company delivered a trailing four-quarter average earnings surprise of 29.08%.
In the past 30 days, the consensus estimate for STRL’s 2026 earnings has increased 1.01%.
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 3.11%.
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Delek Logistics Partners, LP (NYSE:DKL), which plays a critical role in the energy supply chain, just hit a milestone that almost no MLP can claim: 52 consecutive quarterly distribution increases spanning 13 consecutive years of distribution growth. The current annualized payout of ~$4.50 per unit, against a recent unit price of $52.76, translates to an 8.53% yield, which ranks among the highest in its peer group. But a closer look at the cash flow mechanics raises a legitimate question about whether that streak reflects financial strength or financial engineering.
Delek Logistics Partners (DKL) The Streak Is Real. The Coverage Is Not. President Avigal Soreq called the milestone “an extraordinary achievement,” reflecting “financial prudence.” The operational story does support a certain level of optimism as full-year 2025 adjusted EBITDA hit a record $536 million, with each quarter setting a new high, from $116.54M in Q1 to $142.28M in Q4. Delaware Basin crude gathering volumes reached 153,745 barrels per day in Q3 2025, up from 125,123 bpd a year earlier, and water disposal volumes nearly doubled to 616,484 bpd.
The cash flow picture tells a more complicated story, especially in 2025, when the operating cash flow of $237.1M barely covered dividend payouts of $238.1M, resulting in a coverage ratio of essentially 1.0x. Capital expenditures of $267.8M exceeded operating cash flow entirely and were funded through capital markets. At the quarterly level, Q4 2025 was starker: operating cash flow of $31M covered only about half the $59.9M in distributions paid that quarter. The Q4 2025 adjusted distributable cash flow coverage ratio was approximately 1.22x, a metric that adds back non-cash items while still reflecting a lean business.
Leverage and Analyst Divergence Total debt stands at approximately $2.3 billion against a leverage ratio of ~4.07x as of Q4 2025, an improvement from the 4.44x peak in Q3. Somewhat concerning to shareholders is that their equity has eroded to just $6.11M, and the reported payout ratio sits at 136.78%. CFO Robert Wright acknowledged the tension directly: “While we are driving meaningful financial and operational growth across the partnership, we remain equally focused on achieving our long-term leverage and coverage objectives.”
When it comes to what think analysts think, there is some split thinking as Citigroup moved to Neutral in March 2026 with a $52 price target, citing the recent earnings miss and “limited growth potential.” Raymond James took the opposite view, maintaining an Outperform rating and raising its target to $55, citing cash flow growth and operational execution. For the moment, the consensus sits at Hold.
What to Watch The bull case hinges on the Libby Complex sour gas and acid gas injection buildout, which management describes as a “step change” in utilization and a multi-year growth engine for the Delaware Basin. The 2026 EBITDA guidance range of $520M to $560M, even absorbing a ~$10M Winter Storm Fern hit in Q1, would represent continued EBITDA growth. If guidance is met and leverage continues declining toward management’s stated targets, the distribution streak has a credible path forward. If capex remains elevated and coverage stays thin, the 53rd increase will be a harder sell.
Delek Logistics Partners offers an 8.53% forward yield, but distribution coverage appears weak based on operating cash flow and even adjusted distributable cash flow. DKL boasts thirteen years of consecutive distribution growth, the best track record in its peer group. Delek's 3-year distribution growth rate is 4%, lagging behind WES and PAA with rates of 22% and 19%, respectively.
Delek Logistics Partners, L.P. (NYSE:DKL – Get Free Report) has received a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $52.25.
A number of brokerages recently issued reports on DKL. Citigroup restated a “neutral” rating and issued a $52.00 target price (up from $47.00) on shares of Delek Logistics Partners in a research note on Friday, March 6th. Raymond James Financial reissued an “outperform” rating and issued a $55.00 price objective on shares of Delek Logistics Partners in a report on Thursday, March 5th. Zacks Research cut Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings raised Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Finally, Truist Financial assumed coverage on Delek Logistics Partners in a research report on Tuesday, March 24th. They issued a “hold” rating and a $57.00 target price on the stock.
Check Out Our Latest Research Report on Delek Logistics Partners
Delek Logistics Partners Trading Down 0.5% Shares of Delek Logistics Partners stock opened at $50.20 on Tuesday. The firm’s 50 day simple moving average is $52.55 and its two-hundred day simple moving average is $47.90. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.47 and a beta of 0.54. Delek Logistics Partners has a 12-month low of $34.59 and a 12-month high of $55.89. The company has a current ratio of 1.12, a quick ratio of 1.07 and a debt-to-equity ratio of 386.77.
Delek Logistics Partners (NYSE:DKL – Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The oil and gas producer reported $0.88 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.38). The company had revenue of $255.77 million for the quarter, compared to analyst estimates of $283.64 million. Delek Logistics Partners had a return on equity of 461.30% and a net margin of 17.41%. Analysts predict that Delek Logistics Partners will post 3.01 EPS for the current year.
Delek Logistics Partners Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a yield of 9.0%. The ex-dividend date was Thursday, February 5th. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.12. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 136.78%.
Institutional Trading of Delek Logistics Partners A number of hedge funds and other institutional investors have recently made changes to their positions in DKL. Motiv8 Investments LLC acquired a new position in Delek Logistics Partners during the fourth quarter valued at $192,000. Van ECK Associates Corp boosted its holdings in Delek Logistics Partners by 4.9% in the fourth quarter. Van ECK Associates Corp now owns 5,547 shares of the oil and gas producer’s stock valued at $248,000 after purchasing an additional 258 shares during the last quarter. Wells Fargo & Company MN grew its position in Delek Logistics Partners by 31.7% during the 4th quarter. Wells Fargo & Company MN now owns 13,523 shares of the oil and gas producer’s stock worth $603,000 after purchasing an additional 3,257 shares during the period. American Financial Group Inc. grew its position in Delek Logistics Partners by 3.0% during the 4th quarter. American Financial Group Inc. now owns 17,000 shares of the oil and gas producer’s stock worth $759,000 after purchasing an additional 500 shares during the period. Finally, Alps Advisors Inc. raised its stake in shares of Delek Logistics Partners by 3.8% during the 4th quarter. Alps Advisors Inc. now owns 4,489,123 shares of the oil and gas producer’s stock valued at $200,305,000 after buying an additional 165,741 shares during the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.
About Delek Logistics Partners (Get Free Report)
Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.
The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.
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BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced that the Partnership intends to issue a press release summarizing first quarter 2026 results before the U.S. stock market opens on Wednesday, April 29, 2026. A conference call to discuss these results is scheduled to begin at 11:30 a.m. CT (12:30 p.m. ET) on Friday, Wednesday, April 29, 2026. The live broadcast of this conference call will be available online by going to www.DelekLogi.
GraniteShares Advisors LLC trimmed its holdings in shares of Delek Logistics Partners, L.P. (NYSE:DKL – Free Report) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,694 shares of the oil and gas producer’s stock after selling 13,259 shares during the quarter. GraniteShares Advisors LLC owned 0.11% of Delek Logistics Partners worth $2,664,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Delek Logistics Partners during the second quarter worth $50,000. Jones Financial Companies Lllp lifted its position in shares of Delek Logistics Partners by 303.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 910 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Delek Logistics Partners by 92.8% during the third quarter. Farther Finance Advisors LLC now owns 2,285 shares of the oil and gas producer’s stock worth $104,000 after purchasing an additional 1,100 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Delek Logistics Partners by 245.8% during the second quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock worth $115,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Delek Logistics Partners by 1,186.5% during the second quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock worth $180,000 after purchasing an additional 3,868 shares during the last quarter. 11.75% of the stock is currently owned by institutional investors.
Delek Logistics Partners Stock Up 1.2% Shares of NYSE DKL opened at $50.18 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.07 and a debt-to-equity ratio of 386.77. The stock has a market capitalization of $2.68 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54. The stock’s fifty day simple moving average is $52.23 and its two-hundred day simple moving average is $48.27. Delek Logistics Partners, L.P. has a 12-month low of $35.75 and a 12-month high of $55.89.
Delek Logistics Partners (NYSE:DKL – Get Free Report) last announced its earnings results on Friday, February 27th. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.38). The company had revenue of $255.77 million for the quarter, compared to the consensus estimate of $283.64 million. Delek Logistics Partners had a net margin of 17.41% and a return on equity of 461.30%. As a group, analysts expect that Delek Logistics Partners, L.P. will post 4.13 EPS for the current fiscal year.
Delek Logistics Partners Increases Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a dividend of $1.125 per share. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $4.50 annualized dividend and a yield of 9.0%. Delek Logistics Partners’s payout ratio is 136.78%.
Analyst Upgrades and Downgrades A number of equities research analysts have weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 target price on shares of Delek Logistics Partners in a research report on Thursday, March 5th. Truist Financial began coverage on Delek Logistics Partners in a research report on Tuesday, March 24th. They set a “hold” rating and a $57.00 target price for the company. Zacks Research downgraded Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Weiss Ratings upgraded Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Finally, Citigroup reiterated a “neutral” rating and set a $52.00 target price (up from $47.00) on shares of Delek Logistics Partners in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.25.
Read Our Latest Research Report on Delek Logistics Partners
Delek Logistics Partners Company Profile (Free Report)
Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.
The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.
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BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today declared its quarterly cash distribution for the first quarter 2026 of $1.13 per common limited partner unit, or $4.52 per common limited partner unit on an annualized basis. The first quarter 2026 cash distribution is payable on May 11, 2026, to unitholders of record on May 4, 2026. About Delek Logistics Partners, LP Delek Logistics is a midstream energy master limited partnership headquartere.
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the first quarter 2026. “Delek Logistics continued its strong performance into 2026, supported by solid execution across our crude, gas, and water segments,” said Avigal Soreq, President of Delek Logistics' general partner. “During the first quarter, we saw continued benefits from the ramp-up of our Delaware crude and water gathering businesses and made furth.
The midstream energy sector has reinforced its reputation as a reliable source of income for investors. Key industry players have announced sequential increases to their latest payouts. These distribution hikes underscore the fundamental strength of energy infrastructure companies and their ability to generate attractive income for investors.
Key Takeaways: Targa Resources (TRGP) and Sunoco LP (SUN) led the quarter with significant payout increases of 25% and 6.25%, respectively. A broad range of midstream constituents, including Western Midstream (WES) and Kinder Morgan (KMI), grew their payouts. The growth in underlying dividends provides a fundamental tailwind for midstream ETFs like AMLP and ENFR. Targa & Sunoco Lead the Charge The primary highlights of the current cycle include significant payout increases from Targa Resources Corp (TRGP) and Sunoco LP (SUN). Targa Resources followed through on its previous guidance, boosting its quarterly dividend by 25% to $1.25 per share, up from the $1.00 paid in the prior quarter. Targa currently stands as a top 10 holding in the Alerian Energy Infrastructure ETF (ENFR), which provides exposure to the Alerian Midstream Energy Select Index (AMEI). AMEI was yielding 4.8% as of April 28 .
Sunoco LP also made headlines by announcing a 6.25% increase in its quarterly distribution to $0.9899 per unit. This move is particularly notable as it includes a one-time 5% step-up alongside a standard 1.25% quarterly increase. Sunoco’s capital allocation strategy includes a multi-year distribution growth rate of at least 5%. As the top holding in the Alerian MLP ETF (AMLP) in late April, Sunoco’s payout growth provides a substantial tailwind for the fund’s yield.. AMLP tracks the Alerian MLP Infrastructure Index (AMZI), which was yielding 7.1% as of April 28.
Broad-Based Increases Across the Midstream Space The momentum extended to several other major midstream operators. Western Midstream Partners (WES) increased its distribution by 2.2% to $0.93, while Kinder Morgan (KMI) raised its payout by 1.7% to $0.2975. Hess Midstream (HESM) continued its consistent growth trajectory with an increase of 2.0% to $0.7792 per share. Energy Transfer (ET) and Delek Logistics Partners (DKL), continued their pattern of smaller, consecutive quarterly hikes, raising payouts by less than 1% to $0.3375 and $1.13, respectively.
Investors can access these names through ENFR, which offers broader exposure to the entire midstream segment, or through AMLP, which includes SUN, ET, WES, HESM, and DKL. Approximately 90% of holdings by weighting for both ENFR and AMLP have increased their payouts within the last year. Importantly, there has not been a cut to a regular dividend for a name in AMLP or ENFR since July 2021.
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For more news, information, and analysis, visit the Energy Infrastructure Content Hub.
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On April 29, 2026, Delek Logistics Partners LP DKL shares rose 4.3% today, bringing the current price to $53.06. This performance stands in contrast to the 52-week range, which has seen a high of $55.89 and a low of $37.50.
GF Value™ verdict: Current price is $53.06 compared to a GF Value™ of $37.19, indicating DKL is 42.7% overvalued.GF Score™: With a score of 78/100, DKL is rated as Above Average.Most notable signal: Insider activity shows that insiders sold $0.0M in the last 3 months, indicating no buying activity. Is DKL Overvalued or Undervalued? Based on the current price of $53.06 and a GF Value™ estimate of $37.19, Delek Logistics Partners LP appears to be significantly overvalued. The 42.7% margin of overvaluation raises concerns about the stock's current price level. The GF Valuation label categorizes DKL as significantly overvalued, which suggests that the stock may be trading at a premium compared to its intrinsic value.
The risk associated with investing in an overvalued stock like DKL is that a correction may occur, potentially leading to a decline in share price as market participants reassess the company's true worth. This could be especially pronounced if broader market conditions shift or if the company's financial performance does not meet expectations. Therefore, while the company has shown strong price performance year-to-date, the substantial overvaluation suggests caution for potential investors.
How Does DKL's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 16.1x 13.9x Forward P/E 13.8x N/A The current P/E (TTM) of 16.1x is 16% above DKL's 5-year median P/E of 13.9x. This higher valuation multiple aligns with the GF Value™ assessment that indicates DKL is overvalued. The P/E analysis supports the notion that the stock is trading at a premium compared to its historical valuation, reinforcing the caution advised by the GF Value™ estimate.
What Does DKL's GF Score™ Tell Us? Metric Rating GF Score™ 78/100 Financial Strength 3/10 Profitability 8/10 Growth 6/10 Valuation 5/10 Momentum 6/10 The GF Score™ of 78/100 indicates that DKL has potential for above-average long-term returns, with its strongest area being profitability, where it scores an 8/10. However, the financial strength is notably weak at 3/10, suggesting that the company may have challenges in its balance sheet or cash flow. The mixed scores across various categories highlight the need for careful consideration of the company's overall financial health alongside its growth and valuation metrics.
What Are Insiders Doing with DKL Stock? Insider activity for Delek Logistics Partners LP has shown no buying in the last three months, with insiders selling $0.0M worth of stock. This lack of insider buying could suggest a lack of confidence from those closest to the company in terms of its future performance or valuation. Insider sentiment can often provide valuable insights into the perceived value and future prospects of a stock, and the absence of buying activity may raise some caution for external investors.
What This Means for Investors Based on the GF Value™ assessment, Delek Logistics Partners LP DKL is currently overvalued at a price of $53.06 compared to its estimated fair value of $37.19. Investors may want to consider this overvaluation in their analysis and decision-making, especially given the stock's significant premium to intrinsic value.
For the complete analysis, visit the Delek Logistics Partners LP DKL stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is DKL's GF Score™?
DKL has a GF Score™ of 78/100, which signifies above-average potential for long-term returns based on various financial metrics.
Is DKL overvalued or undervalued?
DKL is overvalued according to the GF Value™ assessment, with a current price significantly above its estimated fair value.
What is DKL's P/E ratio?
DKL's P/E (TTM) is 16.1x, which is higher than its 5-year median P/E of 13.9x, indicating that the stock is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics, intends to offer $800 million in aggregate principal amount of senior notes due 2034 (the “Notes”) in a private placement to eligible purchasers, subject to market conditions. Delek Logistics intends to use the net proceeds from the offering (i) to repurchase all of the outstanding 7.125% Senior Notes.
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) and Delek Logistics Finance Corp., a subsidiary of Delek Logistics (together with Delek Logistics, the “Offerors”), announced today that they have commenced a cash tender offer (the “Offer”) for any and all of their outstanding 7.125% Senior Notes due 2028 (the “Notes”), upon the terms and conditions set forth in the Offer to Purchase, dated as of May 4, 2026, and the related Letter of Transmittal an.
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics (together with Delek Logistics, the “Issuers”), priced an offering of $800 million in aggregate principal amount of 6.875% senior notes due 2034 (the “Notes”) at par. The offering is expected to close May 14, 2026, subject to satisfaction of customary closing conditions. Delek Logistics intends to use t.
BRENTWOOD, Tenn--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) and Delek Logistics Finance Corp., a subsidiary of Delek Logistics (together with Delek Logistics, the “Offerors”), announced today that they have received, as of 5:00 p.m., New York City time, on May 11, 2026 (the “Expiration Time”), tenders from holders of $270,721,000 in aggregate principal amount (excluding tenders through guaranteed delivery procedures), representing approximately 67.7%, of the O.
The dividend yield on the S&P 500 is a mere 1.1%, rounded up, but that doesn't mean the entire equity market lacks attractive equity-income opportunities. It's simply a matter of knowing where to look.
Interestingly, some of the smallest sectors in the S&P 500 are where some of the largest dividend yields are found. Energy, which is the fourth-smallest sector in the S&P 500, yields 2.7% as measured by the S&P Energy Select Sector index. That gauge is a basket of the largest domestic energy stocks, ranked by market capitalization.
These energy stocks deliver big dividends and the potential for significant upside. Image source: Getty Images.
All right, so 2.7% might not qualify as "jaw-dropping," but investors shouldn't be dismayed because the energy sector is home to an array of dividend payers (and growers) with higher yields with the potential to reward long-term investors.
In fact, there are 69 U.S.-listed energy stocks carrying dividend yields of at least 3% and sporting gains over the past 12 months. Here's an interesting trio to consider.
1. Chevron is the stock for energy dividend dependability One of the blue chip dividend stocks in the oil patch, Chevron (CVX +1.01%), yields 3.7%, but more important than that above-average yield is the integrated oil giant's dividend reliability. The payout increase unveiled by the company earlier in 2026 marks the 39th consecutive year in which Chevron has boosted its dividend, providing income investors with the like-clockwork dependability they so desire.
Above-average yields and long track records of dividend growth are nice, but investors are right to demand dividend safety, too. Chevron offers that because it has operational expertise exceeding that of some rivals and has proven to be an adept cost-cutter over the years. Obviously, cost containment is vital in the capital-intensive exploration and production sector because it lowers producers' break-even points.
Said differently, adept cost managers like Chevron can continue generating and growing profits even if oil prices slide. Speaking of oil prices, thanks to its cost-cutting prowess and a portfolio chock-full of high-quality assets, Chevron can, by some estimates, fund its dividend at $40 per barrel. That's $57 below where West Texas Intermediate (WTI) settled on May 22.
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Adding to the safety net is management's commitment to shareholder rewards, which totaled $6 billion in the first quarter, spread across buybacks and dividends.
2. Drilling down on Delek Logistics With a market capitalization of $2.7 billion, Delek Logistics Partners (DKL 0.20%) is a mid-cap stock, which might explain some of its anonymity. But with a dividend yield of 8.8% and fresh off an April payout increase, this stock arguably deserves more attention in the energy dividend conversation.
This midstream operator has multiple catalysts for share price appreciation and potential dividend growth, including year-over-year earnings growth of 23.7%. Additionally, the company is shedding its "captive" status from Delek (DK +0.66%), which owns 63.3% of the logistics firm, as it expects to source 80% of its 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) from third parties.
Experienced equity income investors know that midstream energy is a great place to find dividends, but on the surface, it's hard to tell many of these operators apart. Delek Logistics breaks from the pack by combining crude, natural gas, and water services, giving it some wide-moat advantages.
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This energy stock may also be appealing to value investors because management views it as the cheapest company in the space, with a compelling growth trajectory ahead.
3. Connect with Kinetik Kinetik Holdings (KNTK +0.24%) is another mid-cap midstream operator that doesn't generate a lot of buzz, but it may also be a friend to dividend investors. It yields 6.3% and boosted its payout in January.
Kinetik, which has a significant footprint in the Delaware Basin, recently reiterated its 2026 EBITDA guidance with CEO Jamie Welch noting the company has "meaningful insulation" from near-term oil price gyrations. Welch also noted customers are pulling forward activity to 2027, positioning Kinetik for what could be another solid year.
There's even more to like with this midstream operator. Kinetik is buying back stock and reducing debt, and those perks are accruing as the stock trades at discounts to peers despite Kinetik generating better net margins. That may be a sign markets aren't fully appreciating this energy stock, but if that sentiment changes, the shares could rally.
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today announced native Prometheus support, including direct ingestion via Remote Write and full PromQL support in Kibana. These additions enable Site Reliability Engineers (SREs) to analyze Prometheus metrics alongside logs and traces in a single platform, without rewriting queries or rebuilding pipelines. As organizations scale Kubernetes, Prometheus telemetry cardinality and volumes surge, forcing SREs to juggle mult.
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced that Jina Embeddings v3 is now available as a self-deployable partner model in Gemini Enterprise Agent Platform Model Garden. As the first Jina model available on the platform, it enables organizations to deploy high-performance retrieval models directly within their own cloud environments. With Jina Embeddings v3 deployed directly inside their Google Cloud projects and Virtual Private Clouds (VPCs), enterpri.
On April 23, 2026, Elastic NV ESTC shares fell 7.1% to a current price of $45.75. This decline comes amid a challenging year for the stock, which has decreased 39.4% year-to-date and 41.0% over the past year. The stock has experienced volatility, with a 52-week trading range between $42.05 and $96.07.
GF Value™ verdict: The current price of $45.75 is 56.0% below the GF Value™ of $103.86, indicating significant undervaluation.GF Score™: At 68/100, ESTC is rated as Above Average, suggesting potential for long-term returns.Notable signal: Insider activity reflects a bearish sentiment as insiders sold $2.0M worth of shares over the last three months without any buying. Is ESTC Overvalued or Undervalued? Elastic NV is currently trading at a price of $45.75, significantly below its GF Value™ of $103.86. This 56.0% margin of safety indicates that the stock is undervalued based on GuruFocus' proprietary valuation metrics. The GF Valuation label categorizes ESTC as "Significantly Undervalued," suggesting that there is a considerable opportunity for investors looking to enter the stock at this price point. However, caution is warranted as the recent insider selling may reflect a lack of confidence in the company's near-term prospects.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. This methodology underscores the potential for price appreciation if the market corrects its valuation of Elastic NV in alignment with its intrinsic value.
How Does ESTC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 16.1x 198.5x The current P/E ratio of 16.1x is significantly lower than the 5-year median P/E of 198.5x. This suggests that ESTC is trading well below its historical valuation levels. The P/E analysis aligns with the GF Value™ verdict of being undervalued, indicating a potential buying opportunity for investors who believe in the company's long-term growth prospects.
What Does ESTC's GF Score™ Tell Us? Metric Rating GF Score™ 68 Financial Strength 5/10 Profitability 4/10 Growth 9/10 Valuation 2/10 Momentum 2/10 The GF Score™ of 68/100 indicates that Elastic NV has a strong growth potential, as evidenced by its growth rank of 9/10. However, its financial strength and profitability scores, at 5/10 and 4/10 respectively, suggest that there are areas for improvement. The valuation rank of 2/10 and momentum rank of 2/10 indicate that the stock is currently facing challenges in these areas, which may be contributing to its recent price decline.
What Are Insiders Doing with ESTC Stock? Recent insider activity shows that insiders have sold $2.0M worth of shares in the last three months, with no reported buying during this period. This pattern of selling may indicate a lack of confidence in the company's near-term performance or overall market sentiment. Such actions could be viewed as a cautionary signal for potential investors, as insider confidence often correlates with company prospects.
What This Means for Investors Based on the GF Value™ assessment, Elastic NV ESTC is currently undervalued. The significant gap between the current price and the GF Value™ suggests there may be an opportunity for price appreciation if the market recognizes the intrinsic value of the company. However, investors should consider the recent insider activity and the overall market environment before making any decisions.
For the complete analysis, visit the Elastic NV ESTC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ESTC's GF Score™?
ESTC has a GF Score™ of 68/100, indicating that it is rated as Above Average and may generate higher long-term returns based on backtested performance.
Is ESTC overvalued or undervalued?
Elastic NV is currently undervalued, with a GF Value™ of $103.86 compared to its current price of $45.75, suggesting a significant margin of safety.
What is ESTC's P/E ratio?
The current P/E ratio for Elastic NV is 16.1x, which is substantially lower than its historical 5-year median P/E of 198.5x, indicating the stock is trading below its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today announced jina-embeddings-v5-omni, a new family of multimodal embedding models with the ability to represent text, images, video, and audio as vectors. Developers can now perform search, classification, clustering, and deduplication across different media types, giving users powerful new ways to understand and organize multimodal data. Available in two sizes, small and nano, the new omni models share the exact sa.
On May 13, 2026, Elastic NV ESTC shares fell 3.0% today, bringing the current price to $48.57. Over the past 52 weeks, the stock has fluctuated between a high of $96.07 and a low of $42.05, reflecting significant volatility in its price performance.
GF Value™ verdict: The current price of $48.57 is 53.6% below the estimated fair value of $104.62.GF Score™: The stock has a GF Score™ of 62/100, which indicates it is above average in terms of quality and performance potential.Notable signal: Insiders have sold $2.0M worth of shares in the last three months, with no buying activity reported. Is ESTC Overvalued or Undervalued? The current price of Elastic NV ESTC at $48.57 presents a significant discount compared to its GF Value™ of $104.62, indicating that the stock is undervalued by approximately 53.6%. This margin of safety suggests that there may be an opportunity for investors, as the GF Valuation label indicates that the stock is significantly undervalued. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
However, potential investors should consider the risks associated with such valuation discrepancies. Market sentiment, future growth prospects, and fundamental changes in the company’s operations or external environment can impact price movements. While the current valuation may suggest an attractive entry point, it is crucial to remain cautious about external factors that could weigh on performance.
How Does ESTC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 17.0x 198.5x Elastic NV's current P/E ratio of 17.0x is significantly lower than its 5-year median P/E of 198.5x, indicating that the stock is trading well below its historical valuation. This P/E analysis aligns with the GF Value™ verdict of being undervalued, suggesting that the current pricing may present an attractive opportunity in the market.
What Does ESTC's GF Score™ Tell Us? Metric Rating GF Score™ 62 Financial Strength 5/10 Profitability 4/10 Growth 8/10 Valuation 2/10 Momentum 1/10 The GF Score™ of 62/100 indicates a stock that is above average in quality. Notably, Elastic NV has a strong Growth rank of 8/10, reflecting its potential for future expansion. However, the Valuation rank of 2/10 and Momentum rank of 1/10 suggest areas of concern, particularly in how the market perceives the stock's current pricing and performance trends.
What Are Insiders Doing with ESTC Stock? In recent months, insiders at Elastic NV have sold approximately $2.0 million in shares without any reported buying activity. This pattern of selling may indicate a lack of confidence in the stock's short-term prospects or could reflect personal financial decisions of the insiders. The absence of insider buying, especially during a time when the share price is significantly undervalued, may also raise questions about the company's near-term outlook.
What This Means for Investors Based on the analysis, Elastic NV ESTC is currently undervalued with a GF Value™ indicating a significant upside potential. However, investors should remain vigilant regarding insider selling and the company's financial health, as these factors could influence future performance.
For the complete analysis, visit the Elastic NV ESTC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ESTC's GF Score™?
Elastic NV has a GF Score™ of 62/100, indicating that it is above average in terms of quality and potential for long-term returns.
Is ESTC overvalued or undervalued?
Elastic NV is currently undervalued with a GF Value™ indicating it is 53.6% below its estimated fair value.
What is ESTC's P/E ratio?
The current P/E ratio for Elastic NV is 17.0x, which is significantly lower than its historical median of 198.5x, suggesting that the stock is trading at a discount relative to its past valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced that it will release its financial results for its fourth quarter and fiscal 2026 ended April 30, 2026, after the U.S. market close on Thursday, May 28, 2026. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast of the conference call will be accessible from the Elastic investor relations website at ir.elastic.co.
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced that its management will present at the following conferences: BofA Securities Global Technology Conference 2026 on Thursday, June 4, 2026, at 9:20 a.m. PT / 12:20 p.m. ET Rosenblatt's 6th Annual Technology Summit on Wednesday, June 10, 2026, at 11:00 a.m. PT / 2:00 p.m. ET The presentations will be webcast live, and a replay will be available for a limited time on the Events and Presentations section of Elas.
Analysts on Wall Street project that Elastic (ESTC - Free Report) will announce quarterly earnings of $0.56 per share in its forthcoming report, representing an increase of 19.2% year over year. Revenues are projected to reach $446.3 million, increasing 14.9% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Elastic metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Subscription- Elastic Cloud' should come in at $216.86 million. The estimate suggests a change of +19.5% year over year.
The consensus estimate for 'Revenue- Subscription' stands at $420.64 million. The estimate suggests a change of +16.3% year over year.
Analysts predict that the 'Revenue- Subscription- Other subscription' will reach $204.05 million. The estimate indicates a year-over-year change of +13.2%.
The consensus among analysts is that 'Revenue- Services' will reach $25.74 million. The estimate indicates a change of -3.6% from the prior-year quarter.
View all Key Company Metrics for Elastic here>>>
Over the past month, Elastic shares have recorded returns of +17.7% versus the Zacks S&P 500 composite's +5.5% change. Based on its Zacks Rank #3 (Hold), ESTC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2026. Fourth Quarter Fiscal 2026 Financial Highlights Total revenue was $451 million, an increase of 16% year-over-year, or 14% on a constant currency basis Total subscription revenue was $422 million, an increase of 17% year-over-year, or 15% on a constant currency basis Sales-led subscription revenue (calculated as subscription re.
Elastic (ESTC - Free Report) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.72%. A quarter ago, it was expected that this software developer would post earnings of $0.64 per share when it actually produced earnings of $0.73, delivering a surprise of +14.06%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Elastic, which belongs to the Zacks Internet - Software industry, posted revenues of $450.68 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 0.96%. This compares to year-ago revenues of $388.43 million. The company has topped consensus revenue estimates four 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.
Elastic shares have lost about 28.6% since the beginning of the year versus the S&P 500's gain of 9.9%.
What's Next for Elastic?While Elastic 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 Elastic was unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $0.65 on $469.58 million in revenues for the coming quarter and $2.89 on $1.97 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, Internet - Software is currently in the top 30% 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.
Paychex (PAYX - Free Report) , another stock in the same industry, has yet to report results for the quarter ended May 2026.
This payroll processor and human-resources services provider is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of +10.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Paychex's revenues are expected to be $1.6 billion, up 12.4% from the year-ago quarter.
Elastic (ESTC - Free Report) reported $450.68 million in revenue for the quarter ended April 2026, representing a year-over-year increase of 16%. EPS of $0.61 for the same period compares to $0.47 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $446.4 million, representing a surprise of +0.96%. The company delivered an EPS surprise of +8.72%, with the consensus EPS estimate being $0.56.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Elastic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Services: $28.24 million compared to the $25.77 million average estimate based on eight analysts. The reported number represents a change of +5.8% year over year.Revenue- Subscription: $422.45 million versus $420.6 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +16.8% change.Revenue- Subscription- Elastic Cloud: $217.36 million versus $216.86 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +19.8% change.Revenue- Subscription- Other subscription: $205.09 million versus the seven-analyst average estimate of $204.05 million. The reported number represents a year-over-year change of +13.8%.Revenue- Subscription- Elastic Cloud- Annual Elastic Cloud: $169.6 million compared to the $167.57 million average estimate based on three analysts.Revenue- Subscription- Elastic Cloud- Monthly Elastic Cloud: $47.77 million versus the three-analyst average estimate of $48.87 million.View all Key Company Metrics for Elastic here>>>
Shares of Elastic have returned +13.7% over the past month versus the Zacks S&P 500 composite's +5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Why Elastic Could Be the Next AI Winner in 2026Elastic NYSE: ESTC reported stronger-than-expected fourth-quarter fiscal 2026 results, with executives pointing to accelerating customer commitments, rising artificial intelligence-related adoption and larger multi-year deals as key drivers of momentum heading into fiscal 2027.
Chief Executive Officer Ashutosh Kulkarni said the company “finished the year strong, beating our guidance across every key metric,” marking what he described as the seventh consecutive quarter of disciplined field execution. He said current remaining performance obligations, or CRPO, accelerated to 20% growth, while remaining performance obligations, or RPO, grew more than 28% in the quarter.
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Buyback Boom: 3 Companies Betting Big on Themselves“Organizations are increasingly choosing Elastic for their long-term AI transformations and making larger multi-year commitments to standardize on our platform for the future,” Kulkarni said.
Revenue Rises 16% as Subscription Growth Remains Durable For the fourth quarter, Elastic reported total revenue of $451 million, up approximately 16% as reported and 14% on a constant-currency basis. Sales-led subscription revenue was $375 million, representing growth of 19% as reported and 16% in constant currency.
MarketBeat Week in Review – 03/03 - 03/07For the full fiscal year, the company reported 17% revenue growth and a non-GAAP operating margin of 16.4%. Fourth-quarter non-GAAP operating margin was 14.8%.
Chief Financial Officer Navam Welihinda said the company’s sales-led subscription revenue grew 20% for fiscal 2026, supported by “strong customer commitments alongside stable consumption patterns.” He said Elastic’s sales strategy is focused on high-potential mid-market and strategic enterprise customers.
Elastic said it saw a record fourth quarter for deals with more than $1 million in annual contract value. During fiscal 2026, the company added more than 30 net new customers to its cohort of customers with more than $1 million in ACV, bringing that group to more than 240. Customers spending more than $5 million annually grew 30%, and the company ended the year with more than 1,720 customers spending over $100,000 in ACV.
AI Adoption Drives Larger Commitments Executives repeatedly emphasized AI as a central driver of demand across Elastic’s platform. Kulkarni said the company now has more than 600 customers with ACV of at least $100,000 using its AI capabilities, including more than 40 serverless customers that were previously not included in that count. He said AI use cases have penetrated more than one-third of Elastic’s $100,000-plus ACV customer cohort.
Kulkarni described four areas where Elastic believes it is positioned for AI-related demand: data gravity, context, specialized agents and platform consolidation. He said customers are using Elasticsearch as a data store for AI applications, as a context platform for retrieval and as part of AI-driven security and observability workflows.
The company highlighted several customer examples, including a seven-figure new logo win with a global provider of financial business information that is using Elasticsearch across a repository of more than 2 billion documents. Elastic also cited a seven-figure expansion with a workplace AI software firm and an eight-figure win with a Fortune 50 global financial services firm consolidating cyber data silos into an AI-driven SIEM.
In response to an analyst question, Kulkarni said Elastic is seeing momentum from customers using its platform as a data store, its vector database and Jina models for context, and AI-driven security and observability agents. He said these capabilities are helping Elastic win larger, longer-term commitments because they make the platform more entrenched in customer AI infrastructure.
Public Sector Cloud Mix Affects In-Quarter Revenue Elastic executives said a larger mix of cloud commitments in the quarter affected reported fourth-quarter revenue timing. Welihinda explained that cloud commitments typically ramp over the course of the year, while self-managed commitments include a portion of revenue recognized upfront when the license is delivered.
Kulkarni said the company’s partnership with the Cybersecurity and Infrastructure Security Agency around Elastic SIEM as a Service is expanding, with more civilian agencies moving away from competing security offerings onto the Elastic Cloud-powered service. He said the commitments mix in the quarter shifted more toward Elastic Cloud than in prior years, which affected in-quarter revenue but is expected to be positive as agencies ramp usage toward commitment levels.
Welihinda said the company anticipates U.S. public sector cloud momentum will continue in fiscal 2027. He added that Elastic’s public sector business remains strong and that the company is pleased with adoption of SIEM as a Service by civilian agencies.
RPO and CRPO Signal Backlog Strength Welihinda said CRPO reached $1.2 billion in the fourth quarter, growing 20% as reported and in constant currency, up from 15% constant-currency growth in the prior quarter. RPO reached $1.98 billion, growing 28% as reported and 27.4% in constant currency.
He said non-current RPO, representing obligations to be recognized beyond 12 months, increased 43% year over year, underscoring a shift toward multi-year commitments. Welihinda said Elastic secured those commitments without a material change in discounting practices.
“While there continues to be noise and questions in the market regarding AI’s impact on software, there is clarity among our customers with respect to Elastic being an essential long-term component in their AI infrastructure,” Welihinda said.
Fiscal 2027 Guidance Calls for Revenue Growth and Margin Expansion Elastic guided for first-quarter fiscal 2027 total revenue of $469 million to $470 million, representing 13.1% year-over-year growth at the midpoint, or 12.8% growth in constant currency. The company expects first-quarter sales-led subscription revenue of $392 million to $393 million, representing 15.9% growth at the midpoint, or 15.6% in constant currency.
For fiscal 2027, Elastic expects:
Total revenue of $1.985 billion to $2 billion, representing 14.6% growth at the midpoint. Sales-led subscription revenue of $1.673 billion to $1.688 billion, representing 16.9% growth at the midpoint. Non-GAAP operating margin of approximately 19%. Non-GAAP diluted earnings per share of $3.21 to $3.29. Adjusted free cash flow margin of 21.5%, excluding acquisitions or one-time charges. Welihinda said revenue and sales-led subscription revenue are expected to build momentum during fiscal 2027, with the first quarter representing the lowest quarterly growth and the fourth quarter the highest. He cited CRPO converting into revenue and increasing ramped sales capacity as the two main drivers.
Elastic also raised its medium-term fiscal 2029 non-GAAP operating margin target to approximately 25%, up from a previous target of more than 20%. Welihinda said the company remains on track to exceed the Rule of 40 by fiscal 2029 and to reach its medium-term target of more than 20% sales-led subscription revenue growth.
Executives said Elastic expects to expand operating margins as it uses AI internally to improve productivity, while still growing total headcount on a net basis in fiscal 2027. Kulkarni said sales capacity will continue to increase and that the company does not plan meaningful go-to-market changes after changes made roughly eight quarters ago have “settled in very nicely.”
Elastic also said it continued share repurchases during the quarter, buying approximately 650,000 shares for about $40 million. Since the repurchase program began in October, the company has repurchased approximately 4.4 million shares and used about 68% of its $500 million authorization.
About Elastic NYSE: ESTCElastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.
The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.
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Key Takeaways ESTC reported Q4 earnings of 61 cents per share, up 29.8% year over year and above estimates.Elastic's revenues rose 16%, with subscription revenues contributing 94% of total sales.ESTC guided for fiscal 2027 revenues to be in the range of $1.985B-$2B and EPS of $3.21-$3.29. Elastic N.V. (ESTC - Free Report) reported fourth-quarter fiscal 2026 non-GAAP earnings of 61 cents per share, which beat the Zacks Consensus Estimate by 8.9%. The figure increased 29.8% year over year.
Elastic’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 19%.
Revenues of $451 million beat the Zacks Consensus Estimate by 1%. The figure rose 16% year over year on a reported basis and 14% on a constant-currency (cc) basis. Customers with ACV above $100,000 ended the quarter at more than 1,720, underscoring continued enterprise traction.
Elastic’s Q4 in DetailsSubscription revenues remained the company's core barometer of health, totaling $422.4 million, up 16.8% year over year and representing 94% of total revenues. Within that, sales-led subscription revenues (subscription revenues excluding Monthly Elastic Cloud) rose 19% year over year to $374.7 million, reflecting strength in larger, sales-driven engagements.
Cloud continued to expand as a meaningful contributor. Annual Elastic Cloud revenues were $169.6 million, up 26% year over year. Monthly Elastic Cloud revenues were $47.8 million, up 3% year over year, keeping total Elastic Cloud at $217.4 million, or 48% of total revenues. Professional services revenues were $28.2 million, up 6% year over year and representing 6.3% of total revenues.
Non-GAAP gross margin was 77.5% (up roughly 50 bps year over year) and non-GAAP operating margin was 14.8% (down approximately 50 bps).
Current remaining performance obligations were $1.203 billion, up 20% year over year, while total remaining performance obligations reached $1.982 billion, up 28% year over year.
Elastic’s Balance Sheet and Cash FlowCash, cash equivalents and marketable securities totaled $1.37 billion as of April 30, 2026, against total debt of $570.9 million.
Operating cash flow was $152.7 million, and adjusted free cash flow was $149.8 million, implying a 33% adjusted free cash flow margin for the quarter.
In the fourth quarter of fiscal 2026, Elastic repurchased about 0.7 million shares at an average price of $61.28 for roughly $40 million. In fiscal 2026, the company repurchased about 4.4 million shares at an average price of $76.91, representing approximately $340 million in aggregate repurchases under its $500 million authorization.
ESTC’s Outlook Implies Continued Growth Into FY27For the first quarter of fiscal 2027, Elastic expects total revenues of $469-$470 million (up 13.1% year over year at midpoint) and sales-led subscription revenues of $392-$393 million (up 15.9% year over year at midpoint). The Zacks Consensus Estimate for ESTC’s first-quarter fiscal 2027 revenues is pegged at $469.58 million, indicating a year-over-year increase of 13.1%.
Non-GAAP operating margin is expected to be about 14.0%, with non-GAAP earnings projected at 57-59 cents per share. The Zacks Consensus Estimate for ESTC’s first-quarter fiscal 2027 earnings is pegged at 65 cents per share, indicating a year-over-year increase of 8.3%.
For fiscal 2027, management expects total revenues to be in the range of $1.985-$2 billion (up 14.6% year over year at midpoint) and sales-led subscription revenues to be in the band of $1.673-$1.688 billion (up 16.9% year over year at midpoint), alongside an expected non-GAAP operating margin of about 19.0% and non-GAAP earnings of $3.21-$3.29 per share.
The Zacks Consensus Estimate for ESTC’s fiscal 2027 revenues is pegged at $1.74 billion, indicating a year-over-year increase of 17%. The Zacks Consensus Estimate for ESTC’s fiscal 2027 earnings is pegged at $2.53, indicating a year-over-year increase of 24%.
ESTC’s Zacks Rank and Stocks to ConsiderCurrently, Elastic carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the broader Zacks Computer and Technology sector are Applied Materials (AMAT - Free Report) , Celestica (CLS - Free Report) and Amphenol (APH - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Applied Materials have rallied 74.9% year to date. The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings is pegged at $12.02 per share, up by 8.3% over the past 30 days, indicating a year-over-year surge of 27.6%.
Shares of Celestica have gained 19.7% year to date. The Zacks Consensus Estimate for Celestica’s 2026 earnings is pegged at $10.16 per share, up 15.1% over the past 30 days, indicating a year-over-year jump of 67.9%.
Amphenol shares have jumped 9.3% year to date. The Zacks Consensus Estimate for APH’s 2026 earnings is pegged at $4.76 per share, up 11.4% over the past 30 days, indicating a year-over-year increase of 42.5%.
Elastic remains a deep value opportunity despite a recent 30% rally and strong post-earnings performance. ESTC's complex infrastructure software and consumption-based model insulate it from AI-driven risks impacting simpler, seat-based SaaS peers. Recent fiscal Q4 results exceeded expectations, with bullish forward guidance and growing backlog from AI-native customers.
Software M&A activity has returned in 2026 as public SaaS multiples compress while private equity dry powder and strategic stack consolidation remain abundant. Mid-cap, sticky enterprise software companies with negative book equity, AI-relevant platforms, and visible activist or buyback signaling are the most logical targets. We screened for six attributes:
Digestible market cap between $1 billion and $10 billion Sticky recurring revenue backed by sizeable remaining performance obligations (RPO) AI-relevant platform fit for hyperscaler or larger SaaS roadmaps Margin inflection and free cash flow generation Shareholder activism or aggressive buybacks Constrained or negative shareholders’ equity that complicates standalone scaling The following three names check most of the boxes and are ranked by likelihood of a takeover.
3. Elastic Elastic (NYSE: ESTC | ESTC Price Prediction) is the largest candidate, with a market cap of $7.1 billion. Q4 FY26 revenue hit $450.68 million (+16% year over year), with total RPO of $1.98 billion (+28%) and adjusted free cash flow of $149.81 million at a 33% margin.
The strategic fit is clean. Elastic was selected by Google as a critical security partner for GDC air-gapped environments and won the 2026 Google Cloud Partner of the Year Award for Data Management & AI. CEO Ash Kulkarni said customers are “making larger commitments to Elastic over longer periods of time as we become a critical part of their AI infrastructure.” Logical acquirers include Google Cloud, AWS, or Cisco as a post-Splunk security and observability tuck-in.
Shares closed most recently at $67.59, down 17.3% over the past year, with a forward PE near 21x. Elastic ranks third because it maintains a positive equity base of $1.28 billion and visible standalone profitability, lowering urgency for a sale.
2. Box Box (NYSE: BOX) carries a market cap of $3.8 billion and has been M&A speculation fodder thanks to Starboard’s prior activist position and KKR’s convertible preferred stake. The content cloud generated record non-GAAP operating margin of 27.7% with RPO of $1.6 billion, up 12% year over year, and Box operates with a stockholders’ deficit (negative shareholders’ equity).
Box AI plus expanded AWS partnerships covering Amazon Bedrock, Claude, and Titan, plus customers like Blue Origin, Citadel, Biogen, the FDA, and Naval Air Systems Command, make it a natural bolt-on for Microsoft 365, Oracle, IBM, or Salesforce. PE rollup logic applies given mature growth and durable FCF.
Box closed at $27.66, down 27.4% over one year, with a forward PE of roughly 15x. CEO Aaron Levie sold only 791 shares in the recent vesting cycle, suggesting confidence. Analysts have a consensus target price of $32.50.
1. Appian Appian (NASDAQ: APPN) is the smallest and most digestible target. Market cap stands at roughly $2.0 billion, with Q1 FY26 revenue of $202.18 million (+21.5% year over year), cloud subscriptions of $124.5 million (+25.0%), cloud net annual recurring revenue (ARR) expansion of 115%, and adjusted EBITDA of $26.6 million. Shareholders’ equity is negative $58.97 million, and the board authorized a fresh $50 million share repurchase.
The low-code automation platform is a textbook PE rollup candidate for Thoma Bravo, Vista, or Silver Lake, and a strategic fit for ServiceNow, Salesforce, SAP, or IBM. Federal traction, including a U.S. Army AI transformation enterprise agreement, adds a defensible moat. CRO Mark Dorsey acquired shares at around $19.14 in May, suggesting management views the stock as undervalued.
Shares closed at $26.69, off 24.65% year-to-date, against an EV/revenue multiple of just 2.79x. FY26 guidance calls for revenue of $819 million to $831 million and adjusted EBITDA up to $105 million. Founder Matt Calkins controls voting through a dual-class share structure, a wrinkle any buyer must address. Yet accelerating cloud ARR, margin inflection, a depressed multiple, and the smallest deal size make Appian the most actionable name.
The Consolidation Backdrop The 2026 software tape is built for deals. Public SaaS multiples have compressed while strategic acquirers and private equity sponsors hold record war chests. Elastic offers scale and AI infrastructure leverage. Box offers a content cloud with persistent activist context. Appian offers the cleanest combination of size, multiple, and platform fit. Investors watching M&A consolidation should treat Appian as the bellwether where speculative interest is most likely to translate into a real transaction window.
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today introduced an agentic Kubernetes investigation workflow and MCP-based observability skills that diagnose incidents the moment an alert fires. By the time an SRE opens the alert, the root cause has already been identified, evidence has been assembled, and recommended next steps have been surfaced. For teams running Kubernetes at scale, the gap between alert and answer costs time, compounds outages, and wears down.
SG Americas Securities LLC boosted its holdings in shares of ABM Industries Incorporated (NYSE:ABM – Free Report) by 206.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,849 shares of the business services provider’s stock after buying an additional 25,501 shares during the quarter. SG Americas Securities LLC owned about 0.06% of ABM Industries worth $1,601,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in ABM Industries by 0.4% in the 1st quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock valued at $4,100,000 after buying an additional 312 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ABM Industries by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock worth $1,752,000 after acquiring an additional 984 shares during the last quarter. Millennium Management LLC boosted its holdings in ABM Industries by 2.2% during the first quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock valued at $3,767,000 after acquiring an additional 1,734 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of ABM Industries by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider’s stock valued at $8,527,000 after purchasing an additional 8,704 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of ABM Industries by 592.0% in the first quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock valued at $6,640,000 after purchasing an additional 119,942 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors.
Insiders Place Their Bets In related news, COO Rene Jacobsen sold 31,034 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total value of $1,369,220.08. Following the completion of the transaction, the chief operating officer owned 51,714 shares of the company’s stock, valued at $2,281,621.68. This represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.
ABM Industries Stock Performance Shares of NYSE ABM opened at $38.54 on Tuesday. The business has a fifty day simple moving average of $42.47 and a 200 day simple moving average of $43.56. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 15.17 and a beta of 0.74. ABM Industries Incorporated has a one year low of $36.96 and a one year high of $52.94.
ABM Industries (NYSE:ABM – Get Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Sell-side analysts expect that ABM Industries Incorporated will post 3.71 EPS for the current year.
ABM Industries Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, April 2nd. ABM Industries’s payout ratio is 45.67%.
Analyst Ratings Changes Several equities research analysts have recently issued reports on ABM shares. Wall Street Zen downgraded shares of ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Truist Financial reduced their price target on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. Robert W. Baird dropped their price objective on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Finally, Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.25.
Get Our Latest Analysis on ABM
ABM Industries Company Profile (Free Report)
ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company’s core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.
Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.
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