Core Viewpoint - Tutor Perini's stock has shown a modest return of +0.8% over the past month, underperforming the S&P 500's +4% and the Zacks Building Products - Heavy Construction industry's +4% [1] Earnings Estimates Revisions - The consensus earnings estimate for the current quarter is $0.16 per share, reflecting a significant increase of +122.2% year-over-year, with no changes in the estimate over the last 30 days [3] - For the current fiscal year, the consensus earnings estimate stands at $1.10, indicating a +133.3% change from the previous year, also remaining unchanged in the last month [3] - The next fiscal year's consensus earnings estimate is $1.65, showing a +50% increase from the prior year, with no revisions in the past month [4] Revenue Performance - Tutor Perini reported revenues of $1.05 billion in the last quarter, marking a year-over-year increase of +35.1%, and exceeding the Zacks Consensus Estimate of $919.6 million by +14.07% [7] - The consensus sales estimate for the current quarter is $1.18 billion, indicating a year-over-year change of +15.4%, while estimates for the current and next fiscal years are $4.58 billion and $4.98 billion, reflecting changes of +18% and +8.8% respectively [14] Valuation Metrics - Tutor Perini is graded B in terms of valuation, suggesting it is trading at a discount compared to its peers [9] - The Zacks Rank for Tutor Perini is 1 (Strong Buy), indicating a strong potential for near-term price performance based on earnings estimate revisions [5][19] Market Trends - Tutor Perini has been one of the most searched stocks on Zacks.com, indicating increased interest and potential market movement [10] - The correlation between earnings estimate revisions and short-term stock price movements suggests that upward revisions could lead to price increases [2]
Here is What to Know Beyond Why Tutor Perini Corporation (TPC) is a Trending Stock