Tutor Perini (TPC) Exceeds Market Returns: Some Facts to Consider

In the latest trading session, Tutor Perini (TPC) closed at $48.06, marking a +1.29% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.09%.

The construction company's stock has climbed by 13.54% in the past month, exceeding the Construction sector's gain of 5.19% and the S&P 500's gain of 4.37%.

Investors will be eagerly watching for the performance of Tutor Perini in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.29, showcasing a 52.63% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.23 billion, up 9.22% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.75 per share and revenue of $5.13 billion, indicating changes of +155.91% and +18.65%, respectively, compared to the previous year.

Investors should also pay attention to any latest changes in analyst estimates for Tutor Perini. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Tutor Perini possesses a Zacks Rank of #3 (Hold).

In terms of valuation, Tutor Perini is currently trading at a Forward P/E ratio of 27.19. This signifies a premium in comparison to the average Forward P/E of 23.16 for its industry.

The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 12, this industry ranks in the top 5% of all industries, numbering over 250.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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