Why Did Tutor Perini Stock Drop Today?

Core Insights - Tutor Perini's stock fell 7.5% despite beating analyst expectations for Q4 sales and earnings, with actual earnings per share at $1.07 and sales exceeding $1.5 billion [1][2] Financial Performance - In Q4, Tutor Perini's sales increased by 41% year-over-year, and the company transitioned from a loss in the previous year to a profit, reporting GAAP earnings of $0.54 per share [2][3] - For the full year, Tutor Perini achieved a 28% increase in sales, reaching a record $5.5 billion, with GAAP earnings of $1.51 per share and operating cash flow also setting a new record [3] Future Guidance - The company forecasts non-GAAP earnings between $4.90 and $5.30 per share for 2026, indicating a potential 19% year-over-year growth from 2025, surpassing Wall Street's expectation of $4.82 per share [4] Valuation Metrics - Tutor Perini's stock is currently valued at 55 times GAAP earnings, but trades at 16.3 times pro forma profits and less than 7.7 times trailing free cash flow, suggesting it may be a buy [5]