Tutor Perini Corporation (TPC) is scheduled to report its second quarter of 2024 results on Aug 1, after market close. Estimates The consensus mark for revenues is pegged at $1.18 billion, indicating 15.4% growth from the year-ago quarter's level. The top line of Tutor Perini is expected to have improved year over year on the back of increased project execution activities, primarily under its Building and Civil segments. The uptrend is likely to have been backed by the ongoing favorable demand environment f ...

Core Viewpoint - Tutor Perini (TPC) has gained attention as a trending stock, influenced by earnings estimates and revenue growth projections, which could impact its stock performance in the near future [1][2][3]. Earnings Estimates - The consensus earnings estimate for Tutor Perini is $1.10 for the current fiscal year, reflecting a year-over-year increase of +133.3% [4]. - For the current quarter, the expected earnings per share (EPS) is $0.16, indicating a year-over-year change of +122.2% [11]. - The consensus earnings estimate for the next fiscal year is $1.65, representing a +50% change from the previous year [17]. Revenue Growth - The consensus sales estimate for the current quarter is $1.18 billion, showing a year-over-year increase of +15.4% [6]. - For the current fiscal year, revenue estimates are $4.58 billion and $4.98 billion for the next fiscal year, indicating changes of +18% and +8.8%, respectively [6]. - Tutor Perini reported revenues of $1.05 billion in the last quarter, a year-over-year increase of +35.1% [14]. Performance Metrics - The reported revenues of $1.05 billion exceeded the Zacks Consensus Estimate of $919.6 million by +14.07%, with an EPS surprise of +266.67% [7]. - Over the past month, Tutor Perini's shares have returned +20.3%, outperforming the Zacks S&P 500 composite's +1.8% change [10]. Valuation - Tutor Perini is graded B in terms of valuation, indicating it is trading at a discount compared to its peers [16]. - The analysis of valuation multiples, such as price-to-earnings (P/E) and price-to-sales (P/S), suggests that the stock's current price may not fully reflect its intrinsic value [8][22]. Market Position - Tutor Perini's Zacks Rank is 3 (Hold), suggesting it may perform in line with the broader market in the near term [12][20].

The construction company's shares have seen an increase of 16.16% over the last month, surpassing the Construction sector's gain of 2.65% and the S&P 500's gain of 3.82%. For the full year, the Zacks Consensus Estimates are projecting earnings of $1.10 per share and revenue of $4.58 billion, which would represent changes of +133.33% and +18.04%, respectively, from the prior year. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we ...

Tutor Perini Corporation's (TPC) subsidiary, Perini Management Services, Inc., has won the Alcatraz Island Historic Structures Stabilization and Rehabilitation Project from the National Park Service. The project is located in the San Francisco Bay and expected to offer a safe facility for about 1.4 million annual visitors and staff. The successful execution of the project will help expand the building's ability to resist seismic forces and resolve aging and weather-related impacts on the exterior walls. Con ...

In the latest market close, Tutor Perini (TPC) reached $21.89, with a -0.18% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.16% for the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.49%. Coming into today, shares of the construction company had gained 2% in the past month. In that same time, the Construction sector lost 4.68%, while the S&P 500 gained 3.22%. The investment community will ...

For the next fiscal year, the consensus earnings estimate of $1.65 indicates a change of +50% from what Tutor Perini is expected to report a year ago. Over the past month, the estimate has remained unchanged. Shares of this construction company have returned +2% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Building Products - Heavy Construction industry, to which Tutor Perini belongs, has lost 3.9% over this period. Now the key question is: Where could the stock be headed ...

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Tutor Perini Corporation's (TPC) subsidiary — Lunda Construction Company — has won a $53.6 million Kellogg/3rd Street Bridge Replacement Project contract from the City of St. Paul, MN. Lunda Construction will construct a new bridge with 13 spans, totaling more than 2,100 feet in length. The bridge will have four lanes of traffic (two in each direction) and a barrier-separated 12-feet-wide trail on both sides of the roadway. Work on the project is expected to begin in the third quarter and is anticipated to ...

Investors will be eagerly watching for the performance of Tutor Perini in its upcoming earnings disclosure. The company is expected to report EPS of $0.16, up 122.22% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.18 billion, indicating a 15.35% growth compared to the corresponding quarter of the prior year. In the latest market close, Tutor Perini (TPC) reached $22.06, with a +1.52% movement compared to the previous day. This move outpaced the S& ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...