Tutor Perini (TPC) closed the most recent trading day at $75.89, moving +1.21% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.42%. Meanwhile, the Dow experienced a rise of 0.29%, and the technology-dominated Nasdaq saw an increase of 0.29%.
Coming into today, shares of the construction company had gained 1.86% in the past month. In that same time, the Construction sector lost 1.68%, while the S&P 500 gained 2.2%.
Market participants will be closely following the financial results of Tutor Perini in its upcoming release. The company is expected to report EPS of $1.36, down 3.55% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.56 billion, up 13.71% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.18 per share and revenue of $6.24 billion. These totals would mark changes of +20.75% and +12.65%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Tutor Perini. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Tutor Perini is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Tutor Perini is holding a Forward P/E ratio of 14.48. This indicates a discount in contrast to its industry's Forward P/E of 26.13.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% 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.
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).