Tutor Perini (TPC) Suffers a Larger Drop Than the General Market: Key Insights

Tutor Perini (TPC) ended the recent trading session at $67.76, demonstrating a -2.08% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.93%.

Coming into today, shares of the construction company had lost 15.33% in the past month. In that same time, the Construction sector lost 10.92%, while the S&P 500 lost 2.25%.

Investors will be eagerly watching for the performance of Tutor Perini in its upcoming earnings disclosure. The company is expected to report EPS of $0.96, up 81.13% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.41 billion, up 12.92% from the prior-year quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.72 per share and a revenue of $6.26 billion, indicating changes of +10.02% and +12.98%, respectively, from the former year.

Investors should also note any recent changes to analyst estimates for Tutor Perini. Such recent modifications usually signify the changing landscape 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Tutor Perini holds a Zacks Rank of #3 (Hold).

From a valuation perspective, Tutor Perini is currently exchanging hands at a Forward P/E ratio of 14.66. This indicates a discount in contrast to its industry's Forward P/E of 22.19.

The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 76, putting it in the top 32% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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

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