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Tutor Perini (TPC) Surpasses Market Returns: Some Facts Worth Knowing
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Tutor Perini (TPC - Free Report) closed the most recent trading day at $74.92, moving +1.78% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.5%. On the other hand, the Dow registered a gain of 0.7%, and the technology-centric Nasdaq increased by 0.31%.
Coming into today, shares of the construction company had lost 11.32% in the past month. In that same time, the Construction sector lost 1.37%, while the S&P 500 lost 0.23%.
Analysts and investors alike will be keeping a close eye on the performance of Tutor Perini in its upcoming earnings disclosure. In that report, analysts expect Tutor Perini to post earnings of $1.36 per share. This would mark a year-over-year decline of 3.55%. Simultaneously, our latest consensus estimate expects the revenue to be $1.56 billion, showing a 13.71% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.18 per share and a revenue of $6.24 billion, indicating changes of +20.75% and +12.65%, respectively, from the former year.
Any recent changes to analyst estimates for Tutor Perini should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Tutor Perini holds a Zacks Rank of #2 (Buy).
Looking at its valuation, Tutor Perini is holding a Forward P/E ratio of 14.21. This denotes a discount relative to the industry average Forward P/E of 27.09.
The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Tutor Perini (TPC) Surpasses Market Returns: Some Facts Worth Knowing
Tutor Perini (TPC - Free Report) closed the most recent trading day at $74.92, moving +1.78% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.5%. On the other hand, the Dow registered a gain of 0.7%, and the technology-centric Nasdaq increased by 0.31%.
Coming into today, shares of the construction company had lost 11.32% in the past month. In that same time, the Construction sector lost 1.37%, while the S&P 500 lost 0.23%.
Analysts and investors alike will be keeping a close eye on the performance of Tutor Perini in its upcoming earnings disclosure. In that report, analysts expect Tutor Perini to post earnings of $1.36 per share. This would mark a year-over-year decline of 3.55%. Simultaneously, our latest consensus estimate expects the revenue to be $1.56 billion, showing a 13.71% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.18 per share and a revenue of $6.24 billion, indicating changes of +20.75% and +12.65%, respectively, from the former year.
Any recent changes to analyst estimates for Tutor Perini should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Tutor Perini holds a Zacks Rank of #2 (Buy).
Looking at its valuation, Tutor Perini is holding a Forward P/E ratio of 14.21. This denotes a discount relative to the industry average Forward P/E of 27.09.
The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.