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Tutor Perini (TPC) Exceeds Market Returns: Some Facts to Consider
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In the latest close session, Tutor Perini (TPC - Free Report) was up +1.54% at $75.27. The stock exceeded the S&P 500, which registered a gain of 1.16% for the day. Elsewhere, the Dow saw an upswing of 1.21%, while the tech-heavy Nasdaq appreciated by 1.18%.
The construction company's shares have seen an increase of 7.98% over the last month, surpassing the Construction sector's gain of 5.32% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Tutor Perini will be of great interest to investors. It is anticipated that the company will report an EPS of $0.92, marking a 160.93% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.28 billion, up 19.85% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.01 per share and a revenue of $5.32 billion, representing changes of +228.12% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Tutor Perini currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Tutor Perini is presently trading at a Forward P/E ratio of 15.71. This expresses a discount compared to the average Forward P/E of 25.09 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 23% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Tutor Perini (TPC) Exceeds Market Returns: Some Facts to Consider
In the latest close session, Tutor Perini (TPC - Free Report) was up +1.54% at $75.27. The stock exceeded the S&P 500, which registered a gain of 1.16% for the day. Elsewhere, the Dow saw an upswing of 1.21%, while the tech-heavy Nasdaq appreciated by 1.18%.
The construction company's shares have seen an increase of 7.98% over the last month, surpassing the Construction sector's gain of 5.32% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Tutor Perini will be of great interest to investors. It is anticipated that the company will report an EPS of $0.92, marking a 160.93% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.28 billion, up 19.85% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.01 per share and a revenue of $5.32 billion, representing changes of +228.12% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Tutor Perini currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Tutor Perini is presently trading at a Forward P/E ratio of 15.71. This expresses a discount compared to the average Forward P/E of 25.09 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 23% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.