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Tutor Perini Corporation (TPC) Hits Fresh High: Is There Still Room to Run?

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Shares of Tutor Perini (TPC - Free Report) have been strong performers lately, with the stock up 27.7% over the past month. The stock hit a new 52-week high of $102.3 in the previous session. Tutor Perini has gained 42.9% since the start of the year compared to the 10.3% gain for the Zacks Construction sector and the 18.5% return for the Zacks Building Products - Heavy Construction industry.

What's Driving the Outperformance?

The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on August 5, 2026, Tutor Perini reported EPS of $1.74 versus consensus estimate of $1.36.

For the current fiscal year, Tutor Perini is expected to post earnings of $5.48 per share on $6.24 in revenues. This represents a 27.74% change in EPS on a 12.65% change in revenues. For the next fiscal year, the company is expected to earn $5.69 per share on $6.86 in revenues. This represents a year-over-year change of 3.83% and 9.91%, respectively.

Valuation Metrics

Tutor Perini may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Tutor Perini has a Value Score of A. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of A.

In terms of its value breakdown, the stock currently trades at 17.5X current fiscal year EPS estimates, which is not in-line with the peer industry average of 24.4X. On a trailing cash flow basis, the stock currently trades at 18.1X versus its peer group's average of 18.1X. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Tutor Perini an interesting choice for value investors.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Tutor Perini currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Tutor Perini passes the test. Thus, it seems as though Tutor Perini shares could still be poised for more gains ahead.

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