We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tutor Perini (TPC) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
In the latest close session, Tutor Perini (TPC - Free Report) was up +2.37% at $47.46. The stock's change was more than the S&P 500's daily gain of 0.48%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.94%.
Shares of the construction company witnessed a gain of 20.57% over the previous month, beating the performance of the Construction sector with its gain of 6.17%, and the S&P 500's gain of 5.13%.
The upcoming earnings release of Tutor Perini will be of great interest to investors. On that day, Tutor Perini is projected to report earnings of $0.29 per share, which would represent year-over-year growth of 52.63%. Simultaneously, our latest consensus estimate expects the revenue to be $1.23 billion, showing a 9.22% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.75 per share and a revenue of $5.13 billion, representing changes of +155.91% and +18.65%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Tutor Perini. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Tutor Perini is holding a Zacks Rank of #1 (Strong Buy) right now.
With respect to valuation, Tutor Perini is currently being traded at a Forward P/E ratio of 26.57. This signifies a premium in comparison to the average Forward P/E of 22.51 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 2, placing it within the top 1% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tutor Perini (TPC) Rises Higher Than Market: Key Facts
In the latest close session, Tutor Perini (TPC - Free Report) was up +2.37% at $47.46. The stock's change was more than the S&P 500's daily gain of 0.48%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.94%.
Shares of the construction company witnessed a gain of 20.57% over the previous month, beating the performance of the Construction sector with its gain of 6.17%, and the S&P 500's gain of 5.13%.
The upcoming earnings release of Tutor Perini will be of great interest to investors. On that day, Tutor Perini is projected to report earnings of $0.29 per share, which would represent year-over-year growth of 52.63%. Simultaneously, our latest consensus estimate expects the revenue to be $1.23 billion, showing a 9.22% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.75 per share and a revenue of $5.13 billion, representing changes of +155.91% and +18.65%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Tutor Perini. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Tutor Perini is holding a Zacks Rank of #1 (Strong Buy) right now.
With respect to valuation, Tutor Perini is currently being traded at a Forward P/E ratio of 26.57. This signifies a premium in comparison to the average Forward P/E of 22.51 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 2, placing it within the top 1% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.