The IBD SmartSelect Composite Rating for Tetra Tech increased from 94 to 96 Wednesday.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Tetra Tech is trading within the buy zone from a 48.26 entry from a flat base. Keep in mind that it's a later-stage base, which makes it a riskier entry point.
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The stock earns a 96 EPS Rating, meaning its recent quarterly and annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 23% earnings-per-share gain for Q3. That marks two straight reports with rising EPS performance. Sales growth climbed 11%, up from 8% in the prior quarter. That marks one quarter of increasing revenue gains. The company's next quarterly report is expected on or around Nov. 13.
Tetra Tech earns the No. 1 rank among its peers in the Pollution-Control industry group. Perma-Pipe Intl and Clean Harbors are also among the group's highest-rated stocks.
