Tutor Perini (TPC) ended the recent trading session at $84.39, demonstrating a -2.16% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.36%.
Coming into today, shares of the construction company had gained 21.12% in the past month. In that same time, the Construction sector gained 5.73%, while the S&P 500 gained 5.98%.
The investment community will be closely monitoring the performance of Tutor Perini in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.96, marking a 81.13% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.41 billion, indicating a 12.92% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.72 per share and revenue of $6.26 billion. These totals would mark changes of +10.02% and +12.98%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Tutor Perini. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Tutor Perini is currently a Zacks Rank #3 (Hold).
Looking at valuation, Tutor Perini is presently trading at a Forward P/E ratio of 18.27. This denotes a discount relative to the industry average Forward P/E of 27.74.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 39% 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.
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 Corporation (TPC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).