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Tutor Perini (TPC) Dips More Than Broader Market: What You Should Know
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In the latest close session, Tutor Perini (TPC - Free Report) was down 4.09% at $76.88. This change lagged the S&P 500's 1.21% loss on the day. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq lost 2.6%.
The stock of construction company has fallen by 4.98% in the past month, leading the Construction sector's loss of 5.15% and undershooting the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Tutor Perini in its upcoming release. The company's upcoming EPS is projected at $1.34, signifying a 16.52% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.62 billion, indicating a 14.31% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.39 per share and a revenue of $6.28 billion, representing changes of +25.64% and +13.35%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Tutor Perini. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Tutor Perini possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Tutor Perini is holding a Forward P/E ratio of 14.87. This denotes a discount relative to the industry average Forward P/E of 15.3.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 203, which puts it in the bottom 18% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Tutor Perini (TPC) Dips More Than Broader Market: What You Should Know
In the latest close session, Tutor Perini (TPC - Free Report) was down 4.09% at $76.88. This change lagged the S&P 500's 1.21% loss on the day. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq lost 2.6%.
The stock of construction company has fallen by 4.98% in the past month, leading the Construction sector's loss of 5.15% and undershooting the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Tutor Perini in its upcoming release. The company's upcoming EPS is projected at $1.34, signifying a 16.52% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.62 billion, indicating a 14.31% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.39 per share and a revenue of $6.28 billion, representing changes of +25.64% and +13.35%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Tutor Perini. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Tutor Perini possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Tutor Perini is holding a Forward P/E ratio of 14.87. This denotes a discount relative to the industry average Forward P/E of 15.3.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 203, which puts it in the bottom 18% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.