In the latest trading session, Tutor Perini (TPC) closed at $86.02, marking a +1.2% move from the previous day. This change lagged the S&P 500's 1.49% gain on the day. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 2.26%.
Prior to today's trading, shares of the construction company had lost 6.87% was narrower than the Construction sector's loss of 8.95% and lagged the S&P 500's gain of 0.1%.
Analysts and investors alike will be keeping a close eye on the performance of Tutor Perini in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.34, marking a 16.52% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.62 billion, indicating a 14.31% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.39 per share and a revenue of $6.28 billion, signifying shifts of +25.64% and +13.35%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Tutor Perini. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Tutor Perini is currently a Zacks Rank #2 (Buy).
From a valuation perspective, Tutor Perini is currently exchanging hands at a Forward P/E ratio of 15.77. This represents a discount compared to its industry average Forward P/E of 17.18.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 65, putting it in the top 27% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Tutor Perini Corporation (TPC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).