Tutor Perini (TPC) ended the recent trading session at $78.65, demonstrating a -1.04% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.33%. On the other hand, the Dow registered a gain of 1.08%, and the technology-centric Nasdaq increased by 0.08%.
The stock of construction company has fallen by 7.42% in the past month, lagging the Construction sector's loss of 3.95% and the S&P 500's gain of 1.41%.
The investment community will be closely monitoring the performance of Tutor Perini in its forthcoming earnings report. The company is predicted to post an EPS of $1.34, indicating a 16.52% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.62 billion, up 14.31% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.39 per share and a revenue of $6.28 billion, representing changes of +25.64% and +13.35%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Tutor Perini. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Tutor Perini presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Tutor Perini is currently exchanging hands at a Forward P/E ratio of 14.75. This expresses a discount compared to the average Forward P/E of 15.12 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 170, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the 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).