Tetra Tech Secures Extended Multiple-Award OASIS+ Contract From GSA

Tetra Tech, Inc. TTEK has secured an extended One Acquisition Solution for Integrated Services (OASIS+) contract for broad service areas from the Government Services Administration (GSA). Financial terms of the deal were kept under wraps.Per the five-year, multiple-award Indefinite Delivery Indefinite Quantity contract, TTEK has been chosen for various technical service areas to support federal agencies. These include management, research, engineering, environmental, facilities, intelligence and logistics services. This extended contract builds on Tetra Tech’s success under the previous OASIS contract. The company earned more than $725 million in project awards across three service areas.Lately, Tetra Tech has received a series of deals that are likely to drive its growth. In April, the company secured a contract from the U.S. Army Corps of Engineers (USACE), Los Angeles District, to offer architect-engineer services.In March 2025, TTEK secured a contract from United Utilities for the management of flooding and control of stormwater overflows in the United Kingdom. In the same month, the company and its joint venture partner secured three $416 million contracts from 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.TTEK’s Zacks Rank and Price PerformanceTetra Tech currently carries a Zacks Rank #4 (Sell). Shares of the company have lost 27.1% in the past year compared with the industry‘s 20.5% decline.Image Source: Zacks Investment ResearchTetra 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 ConsiderSome better-ranked companies are discussed below:DNOW Inc. DNOW currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.DNOW delivered a trailing four-quarter average earnings surprise of 30.4%. In the past 60 days, the Zacks Consensus Estimate for DNOW’s 2025 earnings has increased 10.3%.Dover Corporation DOV presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 5.3%.In the past 60 days, the consensus estimate for DOV’s 2025 earnings has increased 0.3%.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 (ending June 2025) earnings has improved 0.3% in the past 60 days.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report DNOW Inc. (DNOW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks