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Tutor Perini (TPC) Increases Despite Market Slip: Here's What You Need to Know
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Tutor Perini (TPC - Free Report) closed at $26.20 in the latest trading session, marking a +0.61% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.36%.
Shares of the construction company witnessed a gain of 21.8% over the previous month, beating the performance of the Construction sector with its gain of 8.17% and the S&P 500's gain of 2.06%.
Investors will be eagerly watching for the performance of Tutor Perini in its upcoming earnings disclosure. On that day, Tutor Perini is projected to report earnings of $0.33 per share, which would represent year-over-year growth of 146.48%. Our most recent consensus estimate is calling for quarterly revenue of $1.13 billion, up 6.97% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.95 per share and revenue of $4.5 billion, which would represent changes of +128.79% and +16.06%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications 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 company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing 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 is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Tutor Perini is presently being traded at a Forward P/E ratio of 27.41. This represents a premium compared to its industry's average Forward P/E of 21.55.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 9, which puts it in the top 4% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Tutor Perini (TPC) Increases Despite Market Slip: Here's What You Need to Know
Tutor Perini (TPC - Free Report) closed at $26.20 in the latest trading session, marking a +0.61% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.36%.
Shares of the construction company witnessed a gain of 21.8% over the previous month, beating the performance of the Construction sector with its gain of 8.17% and the S&P 500's gain of 2.06%.
Investors will be eagerly watching for the performance of Tutor Perini in its upcoming earnings disclosure. On that day, Tutor Perini is projected to report earnings of $0.33 per share, which would represent year-over-year growth of 146.48%. Our most recent consensus estimate is calling for quarterly revenue of $1.13 billion, up 6.97% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.95 per share and revenue of $4.5 billion, which would represent changes of +128.79% and +16.06%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications 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 company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing 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 is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Tutor Perini is presently being traded at a Forward P/E ratio of 27.41. This represents a premium compared to its industry's average Forward P/E of 21.55.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 9, which puts it in the top 4% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.