Can Tutor Perini (TPC) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Investors are encouraged to consider Tutor Perini (TPC) due to solid improvements in earnings estimates and positive short-term price momentum [1][8]. Earnings Estimates - Analysts have shown growing optimism regarding Tutor Perini's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - The consensus earnings estimate for the current quarter is $0.66 per share, reflecting a significant increase of +134.4% year-over-year. Over the last 30 days, the Zacks Consensus Estimate has risen by 55.29% with no negative revisions [5]. - For the full year, Tutor Perini is projected to earn $2.72 per share, indicating a year-over-year change of +186.9%. The trend in estimate revisions remains positive, with one estimate moving up and no negative revisions [6]. Zacks Rank - Tutor Perini has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable indicator for investors to make informed decisions [7]. - Stocks with a Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [7]. Stock Performance - Tutor Perini shares have increased by 15.2% over the past four weeks, indicating strong investor confidence in the company's earnings growth prospects [8].