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Tutor Perini (TPC) Suffers a Larger Drop Than the General Market: Key Insights
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Tutor Perini (TPC - Free Report) closed at $82.52 in the latest trading session, marking a -2.23% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
The construction company's shares have seen a decrease of 2.47% over the last month, surpassing the Construction sector's loss of 4.32% and falling behind the S&P 500's loss of 0.42%.
The upcoming earnings release of Tutor Perini will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.34, reflecting a 16.52% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.62 billion, up 14.31% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.39 per share and a revenue of $6.28 billion, signifying shifts of +25.64% and +13.35%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Tutor Perini. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Tutor Perini presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Tutor Perini is currently trading at a Forward P/E ratio of 15.66. This signifies a discount in comparison to the average Forward P/E of 16.22 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 50, this industry ranks in the top 21% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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) Suffers a Larger Drop Than the General Market: Key Insights
Tutor Perini (TPC - Free Report) closed at $82.52 in the latest trading session, marking a -2.23% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
The construction company's shares have seen a decrease of 2.47% over the last month, surpassing the Construction sector's loss of 4.32% and falling behind the S&P 500's loss of 0.42%.
The upcoming earnings release of Tutor Perini will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.34, reflecting a 16.52% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.62 billion, up 14.31% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.39 per share and a revenue of $6.28 billion, signifying shifts of +25.64% and +13.35%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Tutor Perini. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Tutor Perini presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Tutor Perini is currently trading at a Forward P/E ratio of 15.66. This signifies a discount in comparison to the average Forward P/E of 16.22 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 50, this industry ranks in the top 21% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.