Tutor Perini (TPC) ended the recent trading session at $70.17, demonstrating a -1.29% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.01%. Meanwhile, the Dow experienced a rise of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.44%.
The construction company's shares have seen an increase of 5.22% over the last month, surpassing the Construction sector's loss of 1.55% and the S&P 500's gain of 0.86%.
The investment community will be paying close attention to the earnings performance of Tutor Perini in its upcoming release. The company's upcoming EPS is projected at $0.92, signifying a 160.93% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.28 billion, showing a 19.85% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.01 per share and a revenue of $5.32 billion, indicating changes of +228.12% and 0%, respectively, from the former year.
Any recent changes to analyst estimates for Tutor Perini should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Tutor Perini boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Tutor Perini is currently trading at a Forward P/E ratio of 15.06. This signifies a discount in comparison to the average Forward P/E of 22.11 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 194, finds itself in the bottom 21% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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