Tutor Perini (TPC) closed at $65.43 in the latest trading session, marking a +1.18% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.26%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.48%.
Prior to today's trading, shares of the construction company had gained 9.72% outpaced the Construction sector's loss of 1.68% and the S&P 500's gain of 2.87%.
Investors will be eagerly watching for the performance of Tutor Perini in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.96, signifying a 150.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.34 billion, reflecting a 24.08% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.78 per share and a revenue of $5.24 billion, indicating changes of +220.77% and +21.18%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Tutor Perini. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Tutor Perini presently features a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Tutor Perini is currently exchanging hands at a Forward P/E ratio of 17.11. For comparison, its industry has an average Forward P/E of 25.51, which means Tutor Perini is trading at a discount to the group.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 2, placing it within the top 1% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Tutor Perini Corporation (TPC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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