Company Performance - Tutor Perini's stock closed at $65.48, reflecting a -1.12% change from the previous day's closing price, which is less than the S&P 500's daily gain of 0.49% [1] - The stock has increased by 16.14% over the past month, outperforming the Construction sector's gain of 0.54% and the S&P 500's gain of 2.99% [1] Upcoming Financial Results - Tutor Perini is expected to report earnings of $0.96 per share, indicating a year-over-year growth of 150% [2] - The consensus estimate for revenue is projected at $1.34 billion, which represents a 24.08% increase from the prior-year quarter [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $3.78 per share and revenue at $5.24 billion, reflecting changes of +220.77% and +21.18% respectively from the previous year [3] - Recent changes in analyst estimates are crucial as they reflect near-term business trends and analysts' confidence in the company's performance [3] Valuation Metrics - Tutor Perini is currently trading with a Forward P/E ratio of 17.52, which is a discount compared to the industry average Forward P/E of 25.04 [6] - The Building Products - Heavy Construction industry, part of the Construction sector, holds a Zacks Industry Rank of 4, placing it in the top 2% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [5] - Tutor Perini currently holds a Zacks Rank of 1 (Strong Buy), indicating strong investor confidence [5]
Tutor Perini (TPC) Stock Slides as Market Rises: Facts to Know Before You Trade