Tutor Perini (TPC) closed the most recent trading day at $78.53, moving +1.54% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.41%. At the same time, the Dow lost 0.83%, and the tech-heavy Nasdaq gained 0.91%.
Heading into today, shares of the construction company had gained 12.64% over the past month, outpacing the Construction sector's gain of 4.76% and the S&P 500's gain of 0.38%.
Investors will be eagerly watching for the performance of Tutor Perini in its upcoming earnings disclosure. The company is expected to report EPS of $0.92, up 160.93% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.28 billion, up 19.85% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.01 per share and a revenue of $5.32 billion, signifying shifts of +228.12% and 0%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Tutor Perini. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Tutor Perini presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Tutor Perini is holding a Forward P/E ratio of 16.39. This represents a discount compared to its industry average Forward P/E of 25.58.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 60, this industry ranks in the top 25% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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