Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Tutor Perini (TPC), and highlights the potential misalignment of brokerage firms' interests with those of retail investors [1][4]. Group 1: Brokerage Recommendations - Tutor Perini has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy based on three brokerage firms' recommendations, all of which are Strong Buy [2]. - The article suggests that relying solely on ABR for investment decisions may not be wise, as studies indicate that brokerage recommendations often fail to guide investors effectively [4][9]. Group 2: Analyst Bias and Performance - Brokerage analysts tend to exhibit a strong positive bias in their ratings due to vested interests, with a ratio of five "Strong Buy" recommendations for every "Strong Sell" [5][9]. - The Zacks Rank, a proprietary stock rating tool, is presented as a more reliable indicator of a stock's near-term price performance compared to ABR, as it is based on earnings estimate revisions [7][10]. Group 3: Zacks Rank vs. ABR - Zacks Rank and ABR are distinct measures; ABR is based solely on brokerage recommendations, while Zacks Rank incorporates earnings estimate revisions and is more timely in reflecting market conditions [8][11]. - Tutor Perini's Zacks Consensus Estimate for the current year remains unchanged at -$1.30, indicating steady analyst views on the company's earnings prospects [12]. Group 4: Investment Outlook - The Zacks Rank for Tutor Perini is 3 (Hold), suggesting caution despite the Buy-equivalent ABR [13].

Company Performance - Tutor Perini (TPC) closed at $24.31, with a +1.76% increase from the previous day, outperforming the S&P 500's daily gain of 0.12% [1] - The stock has decreased by 9.75% over the past month, underperforming the Construction sector's loss of 8.26% and the S&P 500's loss of 3.45% [1] Upcoming Earnings - Tutor Perini is expected to report earnings of $0.30 per share, indicating a year-over-year growth of 132.97% [2] - The Zacks Consensus Estimate for revenue is projected at $1.09 billion, reflecting a 6.83% increase from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Tutor Perini suggest a shifting business landscape, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which incorporates these estimate changes, provides a rating system for investors [4] Zacks Rank and Valuation - Tutor Perini currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining steady over the past month [5] - The company is trading at a Forward P/E ratio of 11.94, which is below the industry average of 17.47, indicating a discount compared to its peers [6] Industry Context - The Building Products - Heavy Construction industry, part of the Construction sector, has a Zacks Industry Rank of 177, placing it in the bottom 30% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with higher-ranked industries outperforming lower-ranked ones [7]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Tutor Perini (TPC), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like Zacks Rank for making informed investment decisions [1][4]. Group 1: Brokerage Recommendations - Tutor Perini currently has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, based on recommendations from three brokerage firms, all of which are Strong Buy [2]. - The vested interest of brokerage firms often leads to a positive bias in their analysts' ratings, with research indicating that for every "Strong Sell" recommendation, there are five "Strong Buy" recommendations [5][9]. Group 2: Zacks Rank Comparison - Zacks Rank categorizes stocks into five groups based on earnings estimate revisions, with a strong correlation to near-term stock price movements, making it a more reliable indicator than ABR [7][10]. - The Zacks Rank is updated more frequently than ABR, reflecting timely changes in earnings estimates, which enhances its predictive power for future stock prices [11]. Group 3: Current Performance of Tutor Perini - The Zacks Consensus Estimate for Tutor Perini has remained unchanged at -$1.30 over the past month, suggesting analysts' steady views on the company's earnings prospects [12]. - Due to the unchanged consensus estimate and other factors, Tutor Perini holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [13].

Group 1 - Tutor Perini (TPC) closed at $24.50, with a slight increase of +0.04% from the previous session, underperforming the S&P 500's daily gain of 0.16% [1] - Over the past month, Tutor Perini's shares have depreciated by 6.74%, outperforming the Construction sector's loss of 11.66% and lagging behind the S&P 500's loss of 2.8% [1] Group 2 - The upcoming earnings report for Tutor Perini is anticipated to show an EPS of $0.30, representing a significant increase of 132.97% from the same quarter last year [2] - Revenue is expected to reach $1.09 billion, indicating a 6.83% increase compared to the previous year [2] Group 3 - Changes in analyst estimates for Tutor Perini are crucial as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which evaluates these estimate changes, provides actionable ratings, with a current Zacks Rank of 3 (Hold) for Tutor Perini [5] Group 4 - Tutor Perini has a Forward P/E ratio of 12.24, which is a discount compared to the industry's average Forward P/E of 17.34 [6] - The Building Products - Heavy Construction industry, part of the Construction sector, holds a Zacks Industry Rank of 152, placing it in the bottom 40% of over 250 industries [6]

Core Viewpoint - Tutor Perini has experienced significant stock price appreciation in 2024, driven by strong demand in the construction sector, government infrastructure spending, and expectations of lower borrowing costs due to potential Fed rate cuts [2][3]. Company Performance - Tutor Perini's revenue grew by 14% year-to-date, reaching $3.26 billion, despite reporting losses primarily due to legal disputes [5]. - The company's backlog increased by 35% sequentially to $14 billion, surpassing the previous record of $11.6 billion set in 2019, indicating a recovery from earlier slowdowns [4][5]. - The company anticipates a return to profitability in 2025, with projected earnings growth in subsequent years [5]. Market Position - Tutor Perini's market capitalization stands at $1.3 billion, with a price-to-sales (P/S) ratio of 0.3, suggesting potential leverage if the company meets its profit expectations [6]. - The stock price surged by 10% following the Q3 earnings report, reflecting investor satisfaction with the backlog increase [6]. Future Outlook - The Wall Street consensus projects adjusted earnings per share of $1.92 for 2025, resulting in a forward price-to-earnings (P/E) ratio of 12.8, which is favorable for a cyclical stock [6]. - The company has secured several significant projects, including a $1.66 billion mass-transit project in Hawaii and a $1.1 billion water conveyance tunnel in New York, contributing to a backlog equivalent to approximately 3.5 years of revenue [5]. - Continued growth in the backlog is expected into 2025, contingent on a stable economy and resolution of legal disputes [6].

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Tutor Perini (TPC) .Tutor Perini currently has an average brokera ...

Tutor Perini Corporation’s (TPC) joint venture (JV) with O&G Industries, Inc. has been selected by the Port Authority of New York and New Jersey for a $1.18-billion project.Following the contract announcement, TPC stock gained 7.2% during trading hours and inched up 0.9% in the after-hours on Monday.Here’s What to Know About TPC’s New WinThe newly awarded contract encompasses the Guideway and Stations Project at Newark Liberty International Airport in New Jersey, condensed under the AirTrain Newark Replacem ...

Tutor Perini (TPC) came out with a quarterly loss of $1.92 per share versus the Zacks Consensus Estimate of a loss of $1.78. This compares to loss of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.87%. A quarter ago, it was expected that this construction company would post earnings of $0.16 per share when it actually produced earnings of $0.19, delivering a surprise of 18.75%.Over the last four quarters, the company ...

Tutor Perini (TPC) closed the latest trading day at $25.97, indicating a -1.55% change from the previous session's end. This change lagged the S&P 500's 0.03% loss on the day. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, added 0.56%.Heading into today, shares of the construction company had gained 3.05% over the past month, outpacing the Construction sector's loss of 2.06% and the S&P 500's gain of 1.39% in that time.Investors will be eagerly watching for the performance of Tutor Perin ...

Tutor Perini Corporation (TPC) shares ended the last trading session 12.5% higher at $30.66. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.1% gain over the past four weeks.TPC scored a strong price increase after the company shared updates on project dispute settlements and their financial outlook. Due to anticipated cash collections from these settlements and new project awards, the company projects 2024 opera ...