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.
Here's Why Tutor Perini (TPC) Fell More Than Broader Market
Read MoreHide Full Article
Tutor Perini (TPC - Free Report) closed at $79.53 in the latest trading session, marking a -2.49% move from the prior day. This change lagged the S&P 500's 0.05% loss on the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 0.24%.
Shares of the construction company have appreciated by 11.31% over the course of the past month, outperforming the Construction sector's gain of 10.65%, and the S&P 500's loss of 1.42%.
The investment community will be paying close attention to the earnings performance of Tutor Perini in its upcoming release. The company's earnings per share (EPS) are projected to be $1.36, reflecting a 3.55% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.56 billion, up 13.71% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.18 per share and revenue of $6.24 billion, which would represent changes of +20.75% and +12.65%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Tutor Perini. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Tutor Perini holds a Zacks Rank of #2 (Buy).
Digging into valuation, Tutor Perini currently has a Forward P/E ratio of 15.74. Its industry sports an average Forward P/E of 29.26, so one might conclude that Tutor Perini is trading at a discount comparatively.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TPC in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Here's Why Tutor Perini (TPC) Fell More Than Broader Market
Tutor Perini (TPC - Free Report) closed at $79.53 in the latest trading session, marking a -2.49% move from the prior day. This change lagged the S&P 500's 0.05% loss on the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 0.24%.
Shares of the construction company have appreciated by 11.31% over the course of the past month, outperforming the Construction sector's gain of 10.65%, and the S&P 500's loss of 1.42%.
The investment community will be paying close attention to the earnings performance of Tutor Perini in its upcoming release. The company's earnings per share (EPS) are projected to be $1.36, reflecting a 3.55% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.56 billion, up 13.71% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.18 per share and revenue of $6.24 billion, which would represent changes of +20.75% and +12.65%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Tutor Perini. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Tutor Perini holds a Zacks Rank of #2 (Buy).
Digging into valuation, Tutor Perini currently has a Forward P/E ratio of 15.74. Its industry sports an average Forward P/E of 29.26, so one might conclude that Tutor Perini is trading at a discount comparatively.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TPC in the coming trading sessions, be sure to utilize Zacks.com.