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Tetra Tech, Inc. TTEK has secured a contract from United Utilities for the management of flooding and control of stormwater overflows in the United Kingdom. Financial terms of the deal were kept under wraps.
Per the five-year, multiple-award deal, TTEK will offer expert technical support services for designing innovative solutions by utilizing predictive models. This will be done to maximize the capacity of both existing and future wastewater networks while incorporating nature-based approaches to improve stormwater management.
TTEK’s water resources engineers will apply proprietary software tools like PLATO and SOCRATES to explore different options for storing stormwater and assessing water quality. These tools will help them find the best solutions for future investments and planning.
Lately, Tetra Tech has received a series of deals that are likely to drive its growth. In this month, the company and its joint venture partner have secured three $416 million contracts from the U.S. Army Corps of Engineers (USACE), Honolulu District to offer technical services for facilities and sites across the Indo-Pacific region.
In October 2024, it secured a $249 million contract from the USACE Omaha District to offer environmental evaluation and design services for facilities and sites across the United States.
In September 2024, TTEK secured a $39.3 million contract from the United States Agency for International Development (USAID). The deal involves the company supporting USAID’s Engendering Industries program.
In July 2024, the company received a $73 million deal from the USAID to enhance the availability of cost-effective and dependable electricity across 18 nations in West Africa.
TTEK’s Zacks Rank and Price Performance
Tetra Tech currently carries a Zacks Rank #4 (Sell). Shares of the company have lost 18% in the past year compared with the industry‘s 8.4% decline.
Image Source: Zacks Investment Research
Tetra Tech is grappling with escalating operating costs and expenses, which are likely to affect its margins in the quarters ahead. High debt levels may raise the company’s financial obligations and drain its profitability. However, TTEK remains focused on providing high-end consulting, design and engineering services.
Stocks to Consider
Some better-ranked companies are discussed below.
RBC Bearings Incorporated RBC currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
RBC delivered a trailing four-quarter average earnings surprise of 4.9%. In the past 60 days, the Zacks Consensus Estimate for RBC’s fiscal 2025 earnings has increased 1.3%.
Allegion plc ALLE presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 9.9%.
In the past 60 days, the consensus estimate for ALLE’s 2025 earnings has increased 1.6%.
Applied Industrial Technologies, Inc. AIT presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 5.3%.
The Zacks Consensus Estimate for AIT’s fiscal 2025 earnings has improved 1.3% in the past 60 days.