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Tutor Perini (TPC) Dips More Than Broader Market: What You Should Know
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Tutor Perini (TPC - Free Report) ended the recent trading session at $85.91, demonstrating a -3.54% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.66%, and the Nasdaq, a tech-heavy index, lost 0.22%.
The construction company's shares have seen a decrease of 0.51% over the last month, surpassing the Construction sector's loss of 1.55% and falling behind the S&P 500's gain of 1.4%.
Analysts and investors alike will be keeping a close eye on the performance of Tutor Perini in its upcoming earnings disclosure. On that day, Tutor Perini is projected to report earnings of $1.34 per share, which would represent year-over-year growth of 16.52%. At the same time, our most recent consensus estimate is projecting a revenue of $1.62 billion, reflecting a 14.31% rise from the equivalent quarter last year.
TPC's full-year Zacks Consensus Estimates are calling for earnings of $5.39 per share and revenue of $6.28 billion. These results would represent year-over-year changes of +25.64% and +13.35%, respectively.
Any recent changes to analyst estimates for Tutor Perini should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Tutor Perini holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Tutor Perini has a Forward P/E ratio of 16.52 right now. This represents a discount compared to its industry average Forward P/E of 16.9.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 204, this industry ranks in the bottom 18% of all industries, numbering over 250.
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
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Tutor Perini (TPC) Dips More Than Broader Market: What You Should Know
Tutor Perini (TPC - Free Report) ended the recent trading session at $85.91, demonstrating a -3.54% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.66%, and the Nasdaq, a tech-heavy index, lost 0.22%.
The construction company's shares have seen a decrease of 0.51% over the last month, surpassing the Construction sector's loss of 1.55% and falling behind the S&P 500's gain of 1.4%.
Analysts and investors alike will be keeping a close eye on the performance of Tutor Perini in its upcoming earnings disclosure. On that day, Tutor Perini is projected to report earnings of $1.34 per share, which would represent year-over-year growth of 16.52%. At the same time, our most recent consensus estimate is projecting a revenue of $1.62 billion, reflecting a 14.31% rise from the equivalent quarter last year.
TPC's full-year Zacks Consensus Estimates are calling for earnings of $5.39 per share and revenue of $6.28 billion. These results would represent year-over-year changes of +25.64% and +13.35%, respectively.
Any recent changes to analyst estimates for Tutor Perini should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Tutor Perini holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Tutor Perini has a Forward P/E ratio of 16.52 right now. This represents a discount compared to its industry average Forward P/E of 16.9.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 204, this industry ranks in the bottom 18% of all industries, numbering over 250.
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.