Will Tutor Perini be Able to Sustain Its 77% EPS Growth in 2025?

Core Insights - Tutor Perini Corporation (TPC) is experiencing significant growth due to increased project execution activities and robust public infrastructure spending in the United States [1][2] - The company reported a 77% year-over-year increase in earnings per share (EPS) to 53 cents and a 19% rise in revenues to $1.25 billion in Q1 2025 [1][7] - TPC's backlog surged 94% year-over-year to $19.4 billion, driven by $2 billion in new awards and contract adjustments [2][7] - The company raised its 2025 EPS guidance to a range of $1.60-$1.95, reflecting a significant recovery from a loss per share of $3.13 in 2024 [3] - Analysts are bullish on TPC, with EPS estimates for 2025 and 2026 trending upward to $1.75 and $3.09, indicating year-over-year growth of 155.9% and 76.6%, respectively [4][7] Financial Performance - TPC's Q1 2025 EPS rose 77% year-over-year, with revenues increasing by 19% to $1.25 billion [1][7] - The backlog at the end of the quarter was $19.4 billion, reflecting a 94% increase year-over-year [2][7] - EPS estimates for 2025 and 2026 have been revised upward to $1.75 and $3.09, respectively, indicating strong growth potential [4][7] Market Position - TPC shares have increased by 79% year-to-date, outperforming the Zacks Building Products - Heavy Construction industry and the broader S&P 500 index [11] - The stock is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 18.14X, which is considered a discount compared to industry peers, suggesting an attractive entry point for investors [12] - TPC is positioned favorably within the market, alongside competitors like AECOM and KBR, which are also benefiting from strong public infrastructure demand [8]