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.
Tutor Perini (TPC) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
Tutor Perini (TPC - Free Report) closed the most recent trading day at $78.49, moving +2.12% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.83%.
Shares of the construction company witnessed a loss of 8.47% over the previous month, trailing the performance of the Construction sector with its loss of 6.53%, and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Tutor Perini in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.34, signifying a 16.52% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.62 billion, up 14.31% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $5.39 per share and a revenue of $6.28 billion, demonstrating changes of +25.64% and +13.35%, respectively, from the preceding year.
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 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Tutor Perini currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Tutor Perini is currently trading at a Forward P/E ratio of 14.26. This indicates a discount in contrast to its industry's Forward P/E of 14.99.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 208, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Tutor Perini (TPC) Rises Higher Than Market: Key Facts
Tutor Perini (TPC - Free Report) closed the most recent trading day at $78.49, moving +2.12% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.83%.
Shares of the construction company witnessed a loss of 8.47% over the previous month, trailing the performance of the Construction sector with its loss of 6.53%, and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Tutor Perini in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.34, signifying a 16.52% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.62 billion, up 14.31% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $5.39 per share and a revenue of $6.28 billion, demonstrating changes of +25.64% and +13.35%, respectively, from the preceding year.
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 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Tutor Perini currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Tutor Perini is currently trading at a Forward P/E ratio of 14.26. This indicates a discount in contrast to its industry's Forward P/E of 14.99.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 208, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.