In the latest trading session, Tutor Perini (TPC) closed at $83.36, marking a -1.04% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.6%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.64%.
Shares of the construction company witnessed a loss of 2.31% over the previous month, beating the performance of the Construction sector with its loss of 3.85%, and underperforming the S&P 500's gain of 1.34%.
The upcoming earnings release of Tutor Perini will be of great interest to investors. The company is expected to report EPS of $1.34, up 16.52% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.62 billion, up 14.31% from the prior-year quarter.
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.
Investors should also note any recent changes to analyst estimates for Tutor Perini. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Tutor Perini is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Tutor Perini is at present trading with a Forward P/E ratio of 15.63. This signifies a discount in comparison to the average Forward P/E of 16.13 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 206, this industry ranks in the bottom 17% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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).