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Tutor Perini to Post Q3 Earnings: What's in the Cards for the Stock?
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Key Takeaways
TPC's third-quarter revenue is expected to grow on strong funding, favorable conditions and selective bidding.
The Civil segment is likely to have benefited from continued execution of large-scale infrastructure projects.
Higher project volumes and cost controls are expected to have supported earnings and margins.
Tutor Perini Corporation (TPC - Free Report) is scheduled to report its third-quarter 2026 results on Nov. 4, after market close.
TPC’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 17.8%.
Tutor Perini’s Trend in Estimate Revision
The Zacks Consensus Estimate for third-quarter EPS has remained unchanged at $1.34 over the past 30 days. However, the estimated figure indicates 16.5% growth from the year-ago EPS of $1.15.
The consensus mark for revenues is pegged at $1.62 billion, indicating 14.3% year-over-year growth from $1.42 billion.
Factors Likely to Shape Tutor Perini’s Quarterly Results
Revenues
Tutor Perini revenues are expected to have increased year over year in the third quarter of 2026, supported by strong public and private customer funding and favorable macroeconomic conditions. The company’s focus on bidding for projects with favorable contract terms, limited competition and higher margins is also likely to have supported revenue growth.
The Civil segment (contributed 49.8% to second-quarter 2026 revenues) is expected to have benefited from continued execution of large-scale infrastructure projects. The Building segment (contributed 34.2% to second-quarter 2026 revenues) is likely to have gained from increased construction activity and the transition of projects from preconstruction to construction. The Specialty Contractors segment (contributed 16% to second-quarter 2026 revenues) is expected to have benefited from the ramp-up of newer electrical and mechanical projects.
Segment-wise, the Zacks Consensus Estimate for Civil, Specialty Contractors and Building revenues stands at $863 million, $168 million and $567 million, respectively, indicating year-over-year increases of 12.1%, 25.2% and 35.3%.
Margins
TPC’s earnings are expected to have increased year over year in the third quarter of 2026, driven by higher revenues and increased execution activities on high-margin projects. Improved operating leverage from higher project volumes is also likely to have supported profitability.
The company’s selective bidding strategy and emphasis on project cost control are expected to have supported margins. Further margin improvement in the Specialty Contractors segment is also likely to have benefited from the ramp-up of newer projects.
What the Zacks Model Unveils for TPC
Our proven model does not conclusively predict an earnings beat for Tutor Perini this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
Earnings ESP: TPC has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #3.
Stocks With the Favorable Combination
Here are some stocks from the Zacks Construction sector, which, per our model, have the right combination of elements to deliver an earnings beat this time.
With the average surprise being 21.5%, Quanta Services’ earnings beat estimates in each of the last four quarters. Quanta Services is expected to register a 51.3% increase in earnings for the to-be-reported quarter.
AAON, Inc. (AAON - Free Report) currently has an Earnings ESP of +2.66% and a Zacks Rank of 3.
AAON reported better-than-expected earnings in the trailing three out of four quarters and missed once, the average surprise being 21.6%. AAON’s earnings for the to-be-reported quarter are expected to increase 54.1%.
CRH plc (CRH - Free Report) has an Earnings ESP of +3.80% and a Zacks Rank of 3 at present.
CRH is expected to register a 4% increase in earnings for the to-be-reported quarter. CRH reported better-than-expected earnings in the trailing one out of four quarters, missed estimates twice and reported in line once, with the average surprise being 1.3%.
View the Zacks #1 Rank List
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Tutor Perini to Post Q3 Earnings: What's in the Cards for the Stock?
Key Takeaways
Tutor Perini Corporation (TPC - Free Report) is scheduled to report its third-quarter 2026 results on Nov. 4, after market close.
TPC’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 17.8%.
Tutor Perini’s Trend in Estimate Revision
The Zacks Consensus Estimate for third-quarter EPS has remained unchanged at $1.34 over the past 30 days. However, the estimated figure indicates 16.5% growth from the year-ago EPS of $1.15.
Tutor Perini Corporation Price and EPS Surprise
Tutor Perini Corporation price-eps-surprise | Tutor Perini Corporation Quote
The consensus mark for revenues is pegged at $1.62 billion, indicating 14.3% year-over-year growth from $1.42 billion.
Factors Likely to Shape Tutor Perini’s Quarterly Results
Revenues
Tutor Perini revenues are expected to have increased year over year in the third quarter of 2026, supported by strong public and private customer funding and favorable macroeconomic conditions. The company’s focus on bidding for projects with favorable contract terms, limited competition and higher margins is also likely to have supported revenue growth.
The Civil segment (contributed 49.8% to second-quarter 2026 revenues) is expected to have benefited from continued execution of large-scale infrastructure projects. The Building segment (contributed 34.2% to second-quarter 2026 revenues) is likely to have gained from increased construction activity and the transition of projects from preconstruction to construction. The Specialty Contractors segment (contributed 16% to second-quarter 2026 revenues) is expected to have benefited from the ramp-up of newer electrical and mechanical projects.
Segment-wise, the Zacks Consensus Estimate for Civil, Specialty Contractors and Building revenues stands at $863 million, $168 million and $567 million, respectively, indicating year-over-year increases of 12.1%, 25.2% and 35.3%.
Margins
TPC’s earnings are expected to have increased year over year in the third quarter of 2026, driven by higher revenues and increased execution activities on high-margin projects. Improved operating leverage from higher project volumes is also likely to have supported profitability.
The company’s selective bidding strategy and emphasis on project cost control are expected to have supported margins. Further margin improvement in the Specialty Contractors segment is also likely to have benefited from the ramp-up of newer projects.
What the Zacks Model Unveils for TPC
Our proven model does not conclusively predict an earnings beat for Tutor Perini this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
Earnings ESP: TPC has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #3.
Stocks With the Favorable Combination
Here are some stocks from the Zacks Construction sector, which, per our model, have the right combination of elements to deliver an earnings beat this time.
Quanta Services (PWR - Free Report) has an Earnings ESP of +6.97% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
With the average surprise being 21.5%, Quanta Services’ earnings beat estimates in each of the last four quarters. Quanta Services is expected to register a 51.3% increase in earnings for the to-be-reported quarter.
AAON, Inc. (AAON - Free Report) currently has an Earnings ESP of +2.66% and a Zacks Rank of 3.
AAON reported better-than-expected earnings in the trailing three out of four quarters and missed once, the average surprise being 21.6%. AAON’s earnings for the to-be-reported quarter are expected to increase 54.1%.
CRH plc (CRH - Free Report) has an Earnings ESP of +3.80% and a Zacks Rank of 3 at present.
CRH is expected to register a 4% increase in earnings for the to-be-reported quarter. CRH reported better-than-expected earnings in the trailing one out of four quarters, missed estimates twice and reported in line once, with the average surprise being 1.3%.